How to Repair Your Bad Credit Report
How is credit repair possible?
The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of "completeness and accuracy." When a consumer files a dispute, the credit bureaus must contact the source of the credit information (the creditor) and confirm that the information is accurate, verifiable, and not obsolete.
In some circumstances, the credit bureau is required to go beyond a simple verification of the creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing.
While removing a bankruptcy from your credit report is no easy proposition, it is possible and definitely worth the effort.
Visit http://hubpages.com/hub/credit-repair-is-possible for more information.
The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of "completeness and accuracy." When a consumer files a dispute, the credit bureaus must contact the source of the credit information (the creditor) and confirm that the information is accurate, verifiable, and not obsolete.
In some circumstances, the credit bureau is required to go beyond a simple verification of the creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing.
While removing a bankruptcy from your credit report is no easy proposition, it is possible and definitely worth the effort.
Visit http://hubpages.com/hub/credit-repair-is-possible for more information.
| Link: | hubpages.com...Search for more tips related to this link |
| Rating: | 100% positive, 2 total Votes |
| Categories: | credit score bad credit finances |
| Added: | on Feb 18, 2008 at 8:39 am |
| Added By: | shareit35 |
