The Way To Increase Your Credit Score By Means Of Disputing Mistakes On Your Credit Score
Here is the favourite way to increase credit score - dispute errors and inaccuracies on your credit report.
It does work, but you need to know what you are doing if you want to take this route. Let's take a look at the different things that you need to remember when you do this to repair credit score.
Firstly, you need to acquire a copy of your credit report. It is a well known basic fact that you can get one free copy of your credit report from each of the three credit bureaus per year. You need to request this through the special website made available for this purpose. Don't let yourself be fooled by other places that promise to get your report for you for free or for a small fee; or claim to be this particular website but have a totally different spelling or domain extension.
Once you have obtained your credit report you need to study it for errors and inaccuracies. But please note, you are only really interested in the Credit History part of the report. You want to investigate it carefully for faults with regards to names, dates and amounts.
Here are some tips with regards to the approach that you should take in this process:
1. Do not bother to improve anything that is incorrect but will not raise your credit score. For example, the account type might be incorrect but apart from that the information about the amounts and the dates repayments were made are correct. In this case, you do not need to make an issue out of this since the problem is that it will not make a difference to your report and you may just run the risk of the claim being dismissed as 'frivolous'. In this case, they can reject ANY claim made by you for the next 12 months as being frivolous and this is definitely not the required outcome.
2. Make 100% certain you have the proof to back up your claims in the case of any mistakes. For example, there might be accounts there listed as still open (with balances against them) when in fact they have been paid off already. Make COPIES of your proofs and submit the copies with your letter. Never send in the originals! If you do not have proof then you definitely should consider whether you should go through the effort of raising the issue. The problem once again is that they can dismiss your claim if you do not have proof.
3. Make sure you do not make use of a form letter, a letter format copied from the internet, or a letter format that you obtained from a credit repair company whenever you state your case. They receive lots of letters in these formats and they will probably ignore your request or let you know that the information that they have is accurate and that nothing should be done on your credit ranking.
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