Repair errors on your credit report

These days, financial crises and the ensuing difficulties surrounding credit and lending are often in the news. The national credit crisis also translates to the individual consumer, and having good credit or high credit scores is more important than ever. Unfortunately not everyone has a shining score.

A common misconception about individuals with low credit scores is that these are financially irresponsible or derelict people, but this is often far from the truth.

Extenuating personal circumstances or even simple mistakes on a credit report can impact an otherwise responsible person's credit scores enough to place him or her in a spiral of bad credit, high interest and even more debt accumulation. At the end of the day, a bad credit score caused by errors still affects you and your pocketbook.

Too many people accept bad credit as something that they have to simply live with and suffer from -- but this isn't the case. The Fair Credit Reporting Act was created more than 20 years ago to protect consumers, allowing them to legally dispute any information on a credit report that is inaccurate, untimely, misleading, biased, incomplete or otherwise questionable.

A survey taken by the U.S. Public Interest Research Group found that 25 percent of 200 credit reports across 30 states had serious errors that could result in denial of credit. Those errors included false delinquencies or accounts that did not belong to the consumer.

Almost 8 percent were missing major credit, loan, mortgage or other accounts that demonstrated consumer creditworthiness, resulting in a lower score.

Saving money is very important these days, and if you're interested in applying for a mortgage or auto loan, having a good credit score is very important to keep cash in your pocket.

Far more information goes into determining a credit score than you might think. Correcting and changing just a piece of this information could significantly and positively affect your score and save you real cash. Here are some tips from CreditScoresExposed.com to help you take control of your credit scores:

1. Get your credit report and credit score. Credit reports are free, but the scores can cost a small fee. Three national credit bureaus, Equifax, Experian and Trans Union each compile different information, and each will probably have a slightly different score for you. 3-free-credit-reports.com compares all the current credit report offers and you can sign up for a 30 day free trial to see your reports and scores.
2. Analyze your reports. Determine what factors are causing your score to drop. Are you late in making payments on a loan, rent or credit card bill? Or is information missing? Does something look unfamiliar, misleading, or questionable?
3. Fix any problems that pop up. If there are extenuating circumstances behind your bad credit, or if you find an error, you can legally dispute it, but the process takes time and energy. CreditScoresExposed.com can connect you with a law firm that specializes in credit repair so they can help you improve your score quicker, easier and cheaper.

Depending on the number and type of problems and errors, you can turn your bad credit score around in about 9 months, for as little as $50 a month.


Keep your money in your pocket and get better loan offers when you need them by fixing your credit report errors and improving your credit score. Visit www.creditscoresexposed.com to find a law firm that will legally fix any issues on your credit reports. Copyright ©, ARAnet, Inc.