What if you find an error in your credit report? If you find something wrong in your credit report, you have the right to correct it, and you must address the problem as soon as possible.
Credit report errors can affect your ability to obtain a loan or affect how much you have to pay to get a loan in the future. Procedures exist to alert credit reporting agencies about mistakes on your report.
If you notice an error write to the credit reporting agency to report the problem and keep a record of what you sent. You could also call the credit reporting agency.
- They will instruct you on steps to take to resolve the issue.
- They may require you to send copies of statements or proof of payments to prove your position.
- They may also ask you to send an explanation of the matter in writing.
By law, a credit reporting agency must respond to your complaint within 30 to 45 days. If the credit reporting agency agrees with you, and the item is determined to be inaccurate, your creditor must notify the other credit reporting agencies about the issues, so that they can correct your credit history.
If the credit reporting agency is unable to resolve your complaint you should contact a creditor directly and if they refuse to correct the error you have the right to place ab explanation letter in your credit file.
One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.