Finance & Investment, How To Make Sure Your Credit File Is Correct!
You may be surprised to find out that credit files can often contain incorrect or inaccurate information which could seriously impact on your chances of getting financial services such as credit cards or loans. Sometimes this can put you in extremely difficult positions with financial institutions, especially if you're looking to apply for one of their products.
A great way to keep on top of your credit file and make sure all the details are correct is to get hold of a copy for your self and take a read through! You'll find that there are three main companies that keep credit files on consumers. These are Experian, Equifax and TransUnion. All three of these will be happy to provide you with a paper copy of your credit file for a small admin charge. Alternatively you can visit their websites and get your credit file online.
So now you have a copy of your credit report but have found errors or inaccurate details that you don't recognise? Don't panic. It's in the interests of the credit bureaus to help correct any errors that may appear on your record. However you must be able to substantiate the reasons as to why you believe the information to be correct. The first thing to do would be to call the company who has added the problematic details and explain the situation, they will more than likely ask you to put your problem in a letter with details as to why you believe this incorrect, along with any supporting evidence such as documents or statements. This will allow them to look further into the issue.
You should also ask them to notify the credit bureaus that you are disputing an entry on your file. A notation will be added to your file, which will show any future searchers (these are the companies that search your file to check your eligibility for things like credit cards and loans) that you are disputing any negative entries. Of course, you don't have to rely on the companies to notify the bureaus, it's a good idea to contact them yourself also.
Normally, after investigating your claim, the company will contact the credit bureaus asking them to remove the data that has been mis-reported. You need to remember that you cannot have the entry removed yourself, as only the company who added the entry can have it removed.
By keeping a close eye on your credit file you can not only avoid being turned down for financial services, but you can also help protect yourself from identity fraud by looking for accounts, credit cards or loans that you do not recognise!
When looking for credit cards it's often a good idea to limit your applications to cards that you are likely to be approved for, as multiple applications over a short period of time can damage your credit rating and lead to frustrating refusals! Think-CreditCards.com is a consumer orientated site designed to help you match your needs to a suitable credit card. Visit us today to find the perfect credit card for you!
Related Tags: credit card, credit, credit file
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Health Articles - Air Purifiers and Seniors - What you Should Know
Are you a senior concerned about your health or do you know someone who is? Respiratory troubles are - Fashion & Cosmetics Articles - Finding the Perfect Pair of Jeans
If you're a frequent wearer of jeans, you're probably all too aware of just how much of a differen - Home Improvement Articles - More Facts about Stairlift Features
If you have been searching for more information about the basic features of stairlifts but didn't kn - Consumer Articles - World Roofing to 2014
World Roofing to 2014 report ( http://www.bharatbook.com/detail.asp?id=144994&rt=World-Roofing-to-20 - Consumer Articles - Ethnic Hair, Beauty and Cosmetics Products in the US
Ethnic Hair, Beauty and Cosmetics Products in the U.S. report ( http://www.bharatbook.com/detail.asp - Consumer Articles - Subliminal Persuasion Techniques Used on You
Have you ever wondered whether a salesman is trying to use subliminal persuasion techniques on you? - Finance & Investment Articles - Lessons From Behavioral Economics
The filed of behavioral economics repeatedly shows that we are not as rational as we think when maki - Electronics Articles - Various Headphones Types to Choose
These days, headphones have been becoming audio equipment that many people need. This device will he - Electronics Articles - The Superiority of Wireless Sennheiser Headphones
Sennheiser is a famous headphone manufacturer that has been gaining a well reputation in the audio m - Online Shopping Articles - Womens Glasses: Be the talk of the town!
Don't you want to add elegance and panache to your personality? Well, now you can do it with style w
Most viewed articles in this category:
- Ford Focus Recalls
As I write this, it seems that the biggest concern the Ford Motor company has is not Ford - What is Ethical Clothing?
Garment workers throughout the globe are traditionally paid the minimum wage and work long hours - Is Big Brother A Good Thing?
Big Brother is watching - and it could be a good thing. Closed Circuit Television (CCTV) is bei - A look at the ways to pull yourself out of holiday debt
With the holiday season over, many people now turn their attention towards the problem of paying f - The 2 Types Of Hybrid Cars
Many automobile companies have spend millions of dollars each year in research and development of mo - Top Digital Camera Accessory this Holiday Season - a Digital Picture Frame
Don't you love advances in technology? Around the holidays, this is when I typically put on my tech - Let Superbreak help you with your Christmas shopping
As Christmas approaches, Superbreak, the UK's online holiday specialist for short breaks, has just a - Five Lies You Are Being Told
We hear lies all the time. Of course we know that when a politician says "no new taxes," he is lying - Consumers need protection from Payment Protection Insurance
Consumers and consumer protection organisations are increasingly putting pressure on financial pro - Break for a holiday without breaking your bank
Holidays give us something to look forward to: fun, relaxation and exciting new experiences. But t