What Can You Do if You Have Problem Fixing Your Credit Report?
Have you ever had a problem that just won’t be resolved? The endless phone calls, letters and hours of worry can really start to get to you.
Often, there are mistakes made on credit reports that are difficult to correct. Perhaps someone else’s account is showing up on your credit. Maybe a lender reported the wrong information. I had a lender once report a late payment, while providing a payment schedule that showed I never missed a payment. They refused to remove it, saying that it was indeed late, though they couldn’t give the month it was late. Another lender said that I sent them a check that came back as non-sufficient funds, when it had been an electronic debit over the phone. They had submitted the routing number as the account number, causing the missed payment. Yet they argued with me for days that they were “holding in their hands” the check with NSF marked on it. It took a phone call from my bank to straighten it up.
It can be frustrating. Yet, vital. Your credit report dictates what you pay to borrow money and have insurance coverage. A mistake can cost...