How to Solve Your Credit Dispute

Have you ever faced a problem with your credit card charging you for the same items twice?

Or any other billing error where you have been harassed mentally? Then the credit dispute process, you can correct these things without cursing yourself. Credit reports are very important and making them right will help you further.  Every year, many of you who are applying for loans, mortgages, credit cards, housing loans, education loans, etc. often turned down due to your credit dispute record. Many times you suffer without having your own fault. If you see any wrong information in your credit report you have the right to correct it. According to Fair Credit Billing Act (FCBA) you can approach and correct these mistakes. In the credit dispute process, the law applies to “open end” credit records, in the same way as Visas, and spinning charge records, in the same way as retail chain accounts. It doesn’t cover portion contracts — advances or augmentations of credit you reimburse on a settled calendar. Individuals frequently purchase autos, furniture, and real apparatuses on a portion premise, and reimburse individual credits in portions.

The three main CRA’s (consumer reporting agencies) are Experian Information Solutions, Inc, Trans Union LLC and Equifax Information Services, LLC. Also recently Innovis has tried to be the fourth consumer credit reporting agency.

Some steps for correcting your Credit Dispute:

• Get a regular check on your credit report. You can demand a credit report every 12 months. You have to pay a nominal amount if you haven’t denied for any credit for last three months.
• Read your credit report carefully which will be divided into five sections. The first one is about your personal information. Second section comprises your credit history. They will mention about your payment for certain credits you have taken. The third section is about accumulating your account details. Fourth one will describe records that are generally acquired by a foreman for the credit authorities. Lastly, there will be an inquiry section for your credit score dispute.
• The third step is if you see any credit dispute information in your report then mark them. You can approach credit dispute transunion, Experian credit dispute or credit dispute Equifax if you see any major error. You will get email notification after you fill up your credit dispute form with these three big bureaus.
• Gather all your Credit dispute in a credit dispute letter so that you can keep your credit score dispute record handy. Fill the credit dispute form regarding your credit errors and contact either with the organizations such as the credit card companies or the bank.
• Lastly sends credit dispute letter to the three main bureaus- credit dispute transunion, Experian credit dispute or credit dispute Equifax. This is not just a legitimate venture, to have an activity against an organization that gives false information to a credit reporting authority, you must give the credit reporting agencies notice and the risk of that furnisher under the Fair Credit Reporting Act relies on upon their reaction to the credit question it gives to the credit reporting department.