Once a year, you can pull your credit report for free (meaning absolutely nothing) from www.annualcreditreport.com. Keep in mind that although your credit report is given, your actual credit score is not. Your credit score is evaluated using a FICO scoring system or a VantageScore model. Despite which model is used, focus on decreasing your overall balance of outstanding debt, timely payment of all bills and do not take on additional debt.
ERRORS IN YOUR CREDIT REPORT
If you find mistakes in your credit report you have rights under the Fair Credit Reporting Act to dispute the debt. Write a detailed letter explaining the discrepancy to the reporting agency. The reporting agency will investigate your claim to determine if the data is incorrect. Most importantly, if the reporting agency determines that the data was incorrectly reported on your credit report they will notify all consumer reporting agencies so the information can be immediately changed. Make sure to keep accurate records of all written correspondence sent and received from the reporting agency for your records.
The benefits of checking in on your credit report are many, especially if the report is free with no strings attached.
If you have any questions regarding your credit report or errors in your report contact an experienced Los Angeles bankruptcy lawyer at Sky Law Group today!
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