If you have
been denied credit because of negative information in your credit
report, you may ask which agency provided your credit history and
then obtain a copy of your report from that agency. In addition, you
are entitled to one free report within a limited time
period if :
unemployed and plan to seek employment within 60 days
You are on
report is inaccurate due to fraud.
agency uses a different report format. When you request a copy of
your report, the agency should include information to help you
understand it. This is the law that governs the
Credit Reporting. Fair
Credit Reporting Act
can you do if there is Negative
in your Report?
If you find
negative information in your credit report that is correct, you can:
balances so that creditors can update your file.
required length of time for negative information to be taken
brief statement to be included in future reports. While the law
limits this information to disputes, most credit agencies will
include explanations, such as unemployment.
information cannot be removed from your credit report. If you have
any questions with regard to this "fixing your credit
report," you can contact the Federal Trade Commission. FTC
can you do if
there is Incorrect
find there is incorrect information in your credit report, you
in writing, an investigation which will be made within 30 days.
the creditor, in writing, and if you are not able to resolve the
dispute, the creditor must report it to the credit reporting
deletion or notation is made regarding the information, you may
request that the new information be sent to any employer who has
received a credit report during the past two years and, in addition,
anyone else who has requested credit information in the previous six
HAVE OTHER RIGHTS AND YOU MY FIND OUT MORE BY CONSULTING AN ATTORNEY
OR THE FEDERAL TRADE COMMISSION IN YOUR AREA