There are few things more important than maintaining good credit and ensuring that your credit report is in order. Unfortunately, it is not entirely uncommon for individuals to notice that there has been an error on their credit report. Please continue reading and reach out to our seasoned New York City credit report lawyer to learn more about the most common credit report errors that we see and how we can help if you have noticed one. Here are some of the questions you may have:
What are some of the most common credit report errors?
There is a wide range of errors we frequently hear have been made on our clients’ credit reports. Just some of the most common are as follows:
- Incorrect account information
- Incorrect address
- Misspelled names
- Delayed payments failing to be reported
- Unauthorized inquiries
- Inaccurate balance information
- Duplicate accounts
- Derogatory items failing to be deleted after seven years
- Disputes not processed
- Outdated account information
- Creditors refusing to remove negative information from the report
What should I do if I notice an error on my credit report?
If you have noticed any of the aforementioned errors on your credit report, or you have noticed any other type of error, you should first report the error to the credit reporting agency at once. When you do, you should include any supporting documentation to prove that the error was, in fact, an error. Typically, it is best to do this through certified mail. In your letter, you can request a refund for any fees you may have paid. Once the bureau in question has received your dispute, they will investigate the issue and provide you with an update on the matter within 30 days. As long as they confirm the error, they should remedy the issue.
Unfortunately, this does not always happen. In some cases, credit bureaus will refuse to comply with a person’s request to fix an inaccuracy, in which case the individual may file a claim of inaccurate credit reporting against the bureau. As long as the claim is successful, the individual should receive compensation for the damages they have sustained as a result of the error. If you have any additional questions or need legal assistance to help you deal with a credit reporting error, look no further than Rahman Legal. We are here to help you today.