Most folks in North America are in some sort of debt. A lot of people live on credit, and with the current economy, things are only getting worse, but this doesn't mean you've to ruin your credit. In fact, you may discover that occasionally the things that are affecting your credit are not even your own doing.
Some statistics show that there's close to 50% errors on most credit reports, and these errors could be costing you your financial life!
How do you fix credit problems that aren't actually yours?
The initial step would be to contact the 3 credit agencies and file a dispute. If there's something on your report that shouldn't be there the sooner you correct it, the less the damage will be. You can fully reverse the damage in some instances, but it other instances it might be to late.
This brings us to the second step, maintain a careful eye on your credit. You're allowed to get free reports yearly from the credit agencies, get yours and ensure there are no errors. This also consists of your credit card statements and your bank statements.
Simple errors on these statements can make a huge difference on your credit status. Making sure that they are all correct is essential. An ounce of prevention is actually worth a pound of cure when it comes to your credit report and score. Arm yourself with knowledge and you'll be that a lot more ready to combat bad items on your reports.
Locate something not quite accurate on your reports, file a fraud report. Get in touch with your credit card issuers and let them know if there has been unauthorized activity on your account. Keeping a close eye on your finances will go a very long way to keeping your credit rating intact.
Keep records of everything. Find a charge that should not be there? Ensure you keep track of everybody you speak to on the matter.
Maintain a list of all you talk to, what you talked about and the time and date the conversation took place. Being overly prepared in the worst case scenario is often a much better option than not being prepared at all.
Some statistics show that there's close to 50% errors on most credit reports, and these errors could be costing you your financial life!
How do you fix credit problems that aren't actually yours?
The initial step would be to contact the 3 credit agencies and file a dispute. If there's something on your report that shouldn't be there the sooner you correct it, the less the damage will be. You can fully reverse the damage in some instances, but it other instances it might be to late.
This brings us to the second step, maintain a careful eye on your credit. You're allowed to get free reports yearly from the credit agencies, get yours and ensure there are no errors. This also consists of your credit card statements and your bank statements.
Simple errors on these statements can make a huge difference on your credit status. Making sure that they are all correct is essential. An ounce of prevention is actually worth a pound of cure when it comes to your credit report and score. Arm yourself with knowledge and you'll be that a lot more ready to combat bad items on your reports.
Locate something not quite accurate on your reports, file a fraud report. Get in touch with your credit card issuers and let them know if there has been unauthorized activity on your account. Keeping a close eye on your finances will go a very long way to keeping your credit rating intact.
Keep records of everything. Find a charge that should not be there? Ensure you keep track of everybody you speak to on the matter.
Maintain a list of all you talk to, what you talked about and the time and date the conversation took place. Being overly prepared in the worst case scenario is often a much better option than not being prepared at all.
About the Author:
Samantha Kurgen is an expert writer and she enjoys writing about septum jewelry and other similar topics.
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