According to a 2004 study, over 79% of credit reports contain errors. And over 25% of those errors are serious enough to deny credit. Knowing this, federal laws have been passed to question the damaging information on your credit reports.
According to the credit score model, your credit history is the most important part of your credit score. Any negative items on your credit report will have a serious impact on your ability to get the best rates on loans. Some of these listings may be completely accurate. Others may be incomplete, inaccurate, unverified, biased, or misleading. We call these listings “questionable negative items”.
You have the right to question any item on your credit report. These items must be verified or the bureau must remove the item from your credit report. The first step in doing this is to understand what is on your credit report. We can help you to understand what questions to ask to help assist you in getting the credit you deserve.
We offer a free consultation to let you know what steps you can take to help you improve your credit. Call us today at 1-800-223-7615 and you’ll be on the right track in minutes.
Tags: biased, credit history, credit report errors, damaging information, deny credit, federal laws, inaccurate, incomplete, misleading, negative items, serious mistakes, unverified