Fixing Errors on Your Credit Report

You can have a mistake on your credit report, and you may not even have an idea about it. As of now, that error can be harming your credit score. It can be costing you a lot of money every year in interest payments.  

 

That’s a fact. A lot of people in the United States have reported mistakes in their credit reports 

Fortunately, there is an answer. Here are several ways you can do to fix an error on your credit report.  

Error Sources 

  • Credit Fraud – technically, this is a mistake since it did not come from you and it is disputable. However, fraudulent items caused by stolen credit cards or identity theft may still appear on the credit report. In order for them to not harm your credit score, you should dispute them. 
  • Records Not Properly Updated – Lenders make errors as well. They might forget to update a record in their database that’s delivered to the credit bureau. This might result in arrears incorrectly going to collections since nobody bothered to review.  
  • Mistaken Identity – Items on the file of an individual might end up on yours if you’ve got a similar name as another person. It is form of a clerical mistake. However, it is one of the most popular errors.  
  • Clerical Errors – Individuals working at credit bureaus make errors. They are human. When adding items to your report, they have to process a lot of things every day. Errors can happen in these processes. However, these errors can have extremely huge impacts. This includes reporting a payment as lower than the minimum when it was higher or reporting a debt as unpaid when it was paid.  

Contact Lenders Mentioned on the Report 

The credit report will list the lender, the loan, and the balance in question. It won’t include the contact details of the lender. Thus, you will have to look for that one yourself.  

The perfect way to resolve problems on your credit report is to directly deal with the lenders since they can understand. However, lenders are often not able to do anything about an item that’s on the report already.  

If that is the case, then you will have to contact the credit bureaus. However, this is still not a 100% guarantee that your issue will be resolved. If that is the case, then you will have to get outside help. 

Get Outside Help 

To settle a dispute accurately, credit bureaus might not have enough details. You might have trouble getting through the process of dispute if you do not know the law.  

Fortunately, there is help for you if you need it. You can always rely on a reliable credit repair Riverside company for help. The biggest advantage you can get from this company is the peace of mind knowing that your issue will be taken care of by individuals who understand the law inside and outside. You can spend most of your time worrying about your problem, or you can let the experts take care of the problem for you.  

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