It’s not as tough as you think to Repair Bad Credit History
January 31st, 2008
Some might think it’s black magic to repair bad credit history. How ever the fact is it’s your right as a consumer to be able to dispute credit report errors that appear on your credit file. It can only take a couple of incorrect items to lower your credit score enough to force you to pay a higher interest rate on loans, so why take the chance.
The information that is contained in your credit report is yours, not anyone else’s. While the credit bureaus do hold the information, collect it, and sell it to financial companies it’s still about you. So it makes sense that you would have a right to know what is contained in that file, and correct issues that might arise.
It didn’t always use to be this way, it wasn’t until the Fair Credit Reporting Act came to be that you were able to see what was on your credit report, and actually make a claim that information was incorrect. So next time someone tells you that it’s not legal to repair bad credit, or you can’t question items on your report ask them if they’ve ever tried it.
Entry Filed under: Business