Your Daily Real
Estate Blog
From
Supreme Manor
Real Estate Services
How to Correct Errors on a Credit Report
You just discovered errors in one or more
of your credit reports, or even worse, inaccurate references to late payments
or other negative issues that lower your credit scores. Take a few deep breaths
and try to stay calm, because credit report errors can be fixed. It's possible
to remove many negative items, too -- and without help from companies that
promise to repair your credit.
l Make a copy of
your credit report and circle every item you believe is incorrect.
l Write a letter to
all 3 major reporting agencies (the address will be printed on the report).
Explain each dispute and request an investigation to resolve the issues. If you
have supporting paperwork, send it along, coding pages to match dispute
paragraphs. Do not send your originals.
l Send all materials
by certified mail, return receipt requested, so that you can prove the packet
was received.
l Send a similar
letter of dispute to the creditor whose reporting statements you disagree with.
Refer to a billing statement to find the correct address for disputes, because
it's usually different from the payment address.
l The credit
reporting agencies MUST respond to your dispute in writing within 60 days.
I hope this information is useful.
Should you need assistance with any of your real estate needs, please
contact Supreme Manor Real Estate Services 773-881-9224. Feel free to visit us on our website or any
of our social media sites.
Have a Supreme Day!
Sheila M. Wilkinson-Sanders
Managing Broker/Owner - CPA, GRI, CNC
Supreme Manor Real Estate Services
1840 West 95th Street
Chicago, IL 60643
(773) 785-0127 Direct
(773) 797-9640 (fax)
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