Gs4 Security: Credit Bureau

Tuesday 18 December 2012

Credit Bureau

I sent to Experian the letter, stating that charged off amount reported along with past due amount. In a very short time they sent me “updated” information that actually did not correct the wrong reporting.They completely ignored my request to do that and did not remove the incorrect trade line. What is your advice to do next in this situation? Thank you, Gregory.Welcome to the world of credit repair. Some negative items don’t get removed just because you request it. Sometimes it takes several dispute attempts, other strategies and even lawsuits. And, guess what? The item still may not be removed.The reason I always advise consumers to request deletions is that you don’t want negative information updated to more negative information; however, there is no guarantee the credit bureaus will delete an item just because you request it.It always helps if you familiarize yourself with the Fair Credit Reporting Act (FRCA). That way, when you engage in credit repair and dispute negative information, if the dispute comes back verified as accurate you will know further steps you can take.