Searching For Errors
I have disputed all my personal information, now what?
So, I have my report, looking at it. I have already reviewed my personal information such as addresses, names, and telephone numbers. By this point in time, I have written or typed up a letter that addresses the information that is incorrect or needs to be removed and sent it in to the bureaus, along with my forms of I.D.
What’s next? Can’t I go ahead and address these accounts? I am excited to fix this mess!
Now, I am waiting for my response from the bureaus. Don’t get excited or in a rush by sending in a letter before they respond. Sometimes the bureaus will go ahead and delete the personal information that needs to be deleted, sometimes they will push back. They shouldn’t, because by this time you have proven who you are, where you live, and the information that you are challenging. However, sometimes they resist because they know that when you begin deleting unverified and inaccurate information off your report, it’s hard to keep those inaccurate and unverified negative accounts on your credit report. I would like to point out however, that if they are fighting you about an address your have never lived at, how willing are they to place other incorrect information on your report. Of course they will put inaccurate information on your report and it is said that something like over 70% of individuals have at least one major error on their credit report. If you start sending them more letters/disputes before they respond to the others, not only will you not know what information they are deleting yet, but you will also allow them to extend their time to respond or investigate by 15 days doing so. So, if they haven’t yet sent you a response, they can then hold that information for an additional 15 days and maybe even change their mind about what they are deleting based on what your new dispute says. What you can do is begin reviewing your credit report for negative accounts, inaccuracies, etc. and drafting a letter.
What Should I be looking for when reviewing my credit report?
Any account that is derogatory and impacting your credit in a negative way, but not everything. That may be some confusing language, but that is where a professional comes in. Remember in an earlier post we talked about the credit score formula? There is one factor that trumps many others and that is payment history and age. Say you have an account that’s 20 years old and you had a late payment two years ago. Late payments are a huge burden to credit scores, but I won’t let one late payment ruin a 20 year old account. It’s helping more than it’s hurting. There is actually a way to possibly get that payment changed, but we will talk about in a later post. We want to focus on the really negative and erroneous accounts at the moment. Also, anything that does not appear to be yours or is inaccurate needs to be removed. Even if an account is negative and you know it was yours, you can still dispute that account. If there is something about it that is unfair, such as inaccurate balances, late payments, etc., it needs to be deleted. Even collections, repos, and bankruptcies can all be disputed. What you have to have for any account to be disputed is a factual based dispute. That is a dispute based on the premise that the way it is posted to the report violates the Fair Credit Reporting Act (FCRA). Many of these violations listed in the FCRA call pretty common sense errors violations. For your reference I will list a link to it here…
Fair Credit Reporting Act from the Federal Trade Commission
As always, we are here to support you in prayer and advising on where to turn next. If you have questions, concerns, or need help with the next step become a partner with us today and we will assist you with everything you need to help get to the next level. We may not deserve God’s blessings and goodness, but He certainly provides it to those who trust and believe in Him! You may be in the “valley of the shadow of death” in your credit journey, but that doesn’t mean that God can’t make this trial a blessing! Trust in Him, for “all things work together for good to them that love God, to them who are the called according to his purpose (Romans 8:28, KJV).
If you would like our help and partnership, or to do the work for you, visit our credit restoration page https://www.salvationscall.org/creditrestoration.html
There are no attorneys on staff here at this ministry. No advice or laws stated on our site should be used to replace sound legal advice. If you have legal questions or are in need of legal consultation, please seek your attorney. God Bless!