Disputing information on your credit report by Robert H

As a consumer, the Fair Credit Reporting Act (FCRA) gives you the right to dispute any information being reported on your credit report. This includes incorrect addresses, phone numbers, former employers and of course information being reported from your various creditors. If any of that information is inaccurate, it could be a cause for you not to be given credit or other applications (such as a rental agreement) to be accepted.

It is extremely important for your credit report to be completely accurate. Some people have indicated what if they have the wrong address or former employer, how can that affect my credit? It may not affect your credit score, but it might be a factor in which the creditor is using to make a decision. For example, you apply for a job and you indicate on your application you have lived in your current location for 10 years, but after reviewing your credit report, they see that you have had three different locations listed for the same time period. Some employers might not even question you on that problem but just choose to not give you a job based on the fact you provided false information on your application.

Since you have the right to dispute any information on your credit report, you should make sure that your credit report is accurate. Continue to dispute any information on your credit report that is still being reported inaccurately. If you went into a shop and applied for credit and the finance manager at the shop ran your credit through several different banks, and those banks each did a credit inquiry on your account, it will count against you on your credit score. You have the right to dispute those inquiries since you only authorized one person to do an inquiry on your credit. But if you are shopping for a home or for a new car, you will find that several people might have run a credit inquiry on your social security number. The bureaus are prepared for this event and don't count all of those inquiries as individual inquiries. They actually count them basically as one. This is because a car dealership might go through several banks looking for the best deal for you (and them) on getting you financed. This additionally occurs when a mortgage lender (or broker) is trying to get you financed for a new home.

When working with a credit repair company, it is important to have them dispute everything on your credit report that is inaccurate. Most credit repair companies will not dispute inquiries or other not scoring information but a Ovation Credit, they will work hard to make sure that your credit report is completely accurate. It is worth the extra money if you are trying to get your report accurate. Of course, you can dispute that information on your own but that is very time consuming and could become costly if you are unable to get that information updated correctly.

So in reviewing your credit report take the time to review all of the information, mark on your report which items need to be disputed. Then dispute those items until they are updated correctly. If you are using a credit repair company such as Ovation Credit, then talk with your case advisor and find out what you need to do to dispute that information.