Credit Report Errors - How to Fix Errors in Your Credit Record

Credit Report Errors - How to Fix Errors in Your Credit Record Credit Report is an important instrument which holds the credit score of an individual based on their credit history. The use of all the credit instruments and employment history is also employed. Credit Report showcases the creditworthiness of the holder. Not having a good score on your credit report may hamper your financial ability to borrow in the future. However, there are ways by which one can improve credit score and fix errors in the reports. Many people fall, victim to an obliterated fine which leads to a substandard score on their reports. Having your credit report checked annually is a first step you can to stay ahead of it all. You should review your credit report even if it's stable. If you do find an error which is dragging your credit score to the ground, you need to report it. You can also report any fraudulent activity in your report. Many companies are now selling ​Credit Profile Number​ ​to customers to hide their credit history. The CPN is of the same format as the social security number. The use of CPN as your social security number is an illegal activity. The first step in fixing your report is to address & eliminate all the negative and inaccurate items which are hampering your credit profile. These may include: ● ​Untrue Items The items which are wrong and inaccurate must be discovered and eliminated. Sometimes even a clerical error while writing or reading the name may lead to a mishap. ● Outdated Items These items are old and obsolete. They are unnecessary for your current creditworthiness. The charges should be removed immediately. ● Unsupportable Items These are untraceable or unverifiable items. The particulars are undocumented and should be nullified.

What are the items? ● Collections They are the continuation of debt owed by a holder which may reflect his/her credit report up to 7 years. ● Inquiries Credit inquiry generally means a credit check. Usually, there are two types of inquiries. 1. Hard Inquiries

2. Soft Inquiries Too many hard inquiries over a short period might be reflected in your credit report. Inquiries stay up to 2 years in your record. ● Late Payments Lenders report the payments which are behind from their due date. Having late payments on your report can harm your credit score. There are two ways in which this can happen: 1. You were late in making the payment. 2. or, there was an error by the lender while adding your payment. ● Charge offs It's the amount stilled owed by the holder even after the account is closed. The best way to eliminate the charge offs is to pay. If you already have paid, you need to remove it from your report. ● Foreclosures It's hard to get a foreclosure out of your credit score before it has run it's seven years of the course. When you take a loan to buy a house, the house is kept as collateral. If you fail to make the payments, the bank seizes the house and forecloses it. ● Bankruptcies The liquidation open record is erased from the credit report either seven years or ten years from the documenting date of the insolvency, contingent upon the section you documented. It requires, in any event, a fractional reimbursement of the obligations you owe. ● Students loan Understudy advances are considered "instalment advances," which means they, for the most part, convey a beginning equalization that is reimbursed once again with a fixed number of instalments. Home loans and car advances additionally regularly fall in this class. Authorized User Tradelines 5042 Wilshire Blvd, Los Angeles, CA 90036, USA 712-265-7741