Correct Your Credit

4 Steps to Correct Your Credit

 

Even after a bankruptcy, it is important to check your personal credit report and make sure that it is accurate.  If you find a problem and need to correct credit problems, it is up to your creditor to change it. The three major credit reporting agencies, Experian, TransUnion and Equifax, do not have the authority to correct credit problems unless one of two things happen: 1) They are authorized by the creditor to make the change. 2) The credit reporting agency does an investigation and the creditor fails to respond. If you need to correct credit problems, or you found an error on your report, you must follow the procedure outlined in the Fair Credit Reporting Act (FCRA). Debtfreebankruptcy.com as part of assisting you with filing a bankruptcy, will run a credit report on you and go over the report with you to make sure there are no mistakes on your credit report.  Our experienced staff can advise you as to how to check your credit report and what steps need to be followed to correct your credit report.

Step 11
You will need to get a copy of your credit report from each of the three agencies. Review it for problems, or errors. Send a letter by certified mail to each of the credit reporting agencies that have problems you would like to correct. Include a copy of any documentation supporting your claim that the data is not correct. Save your certified mail receipt and a copy of the letter. This preparation is something that our qualified staff can assist you. 
Step 22
Send a letter by certified mail to the creditor that needs to correct problems on your credit report. This is the company where your account was held. Include a copy of any documentation supporting your claim that the data is not correct. We have copies and worksheets to help you prepare your letter to the FCRA.  In the letter demand that the record be updated within 30 days. Let them know that failing to correct this information within 30 days is a violation of FCRA.
Step 33
Wait 30 days and check to see that the problems are corrected. If it isn’t send a second letter by certified mail to the credit reporting agency. Enclose a copy of the letter you sent to the creditor.
Step 44
If your record still isn’t correct and you have proof that they have made an false claim against you, then you have the right to sue your creditor. FCRA protects you against unfair reporting and you will win in small claims court.