Inaccurate information on my credit report

guest123

Once you dispute with the credit bureau, your file should be updated within 30 days after it has been verified with your lenders and from other sources.

It is better to send the dispute through certified mail with return receipt requested. The advantage of this mode of correspondence is that you will have a date printed on which the dispute was sent. If the bureaus are unable to verify your file within 30 days, you can send a follow up letter. If you still don't get any response, send a copy of this letter to the FTC. Doing all the correspondence through certified mail will help you to prove your side of the story.

Check this thread for more information.

http://www.debtconsolidationcare.com/forums/dispute-info.html

if something on your credit credit is under investegation could the lender that checking your report hold that item that is being investegated be held againist you

Based on the credit report, the lenders extend credit to the consumers. Thus, it becomes very urgent to keep a constant check of the file so that any type of inaccuracies can be immediately rectified by the bureaus after putting the item on dispute.

If you have approached your lender in between the investigation tenure, it is up to the lender's decision whether he will be willing to extend credit to you or not.

If you are sure and have proof of the dispute put with the bureaus, show it to your lenders. If they find that the mistake is from the side of the bureaus, they will have positive thoughts for extending credit to you.

If you do not have any proof to show to the lender, wait till the credit report is updated before you approach your lenders for new credit.

What can I do if the credit bureau has not updated my report? I pulled a copy and saw there was no change in the items that were disputed.

Hi Henry

After you have filed your dispute with the bureau, they are required to conduct the investigation with your lenders and provide you a free copy showing the changes.

If you find that there has been no change in your report, talk to the bureau because they are required to provide you the results of the investigation done. This is necessary so that you are sure about the highlighted items being put on dispute earlier.