FraudulentCharges.com

If you want to fix your credit score, you might look into start searching for a really good online credit analysis that will take you within your credit report. What do I mean by that? How do you get inside of a credit report?

 

First of all have you see a credit report lately? Granted, they are much better than in the past, but they’re still not very easy to read. My Transunion credit report from two years ago has so much information crammed into modest areas, you literally need some serious coffee   a very serious mindset before sitting down with it. 

 

Experian has done much better than in the past. Their FICO credit model is easier to read, but in many cases the report is like scrambled eggs . The way they fold and collate the report is confusing. Page 3 jumps to page 8 and I finally figured out that it can’t be printed all at the same time.

 

Equifax is similar to Transunion. Their credit report is a tragedy  mind boggling set of jumbled characters and codes, making it impossible for a overview . If you spend any time at all with these credit reports, you’ll begin to understand why it is so difficult to maneuver. Any guesses? Maybe this is not a mistake after all.

 

The Fair Credit Reporting Act, FCRA, was instituted to protect consumers against unfair credit practices. Namely, from reporting errors that are considerable among credit reports. The FCRA allows for consumers to dispute errors in their credit file if they are erroneous  not reported properly. 

 

That being said, there is a dispute process necessary for this to happen, but what  it is crucial to understand is that the credit reporting agencies have thirty days to verify the remark is being reported as proper. They do this by contacting the lender of the account in question and requesting that they check the credit history and make any corrections necessary.

 

Do you think that if credit reports were simple to read, it would incite a triage of dispute letters? Do you think that if consumers understood what the codes really meant they would recognize instantly what is right or wrong in their credit file?

 

Now that you understand this , if credit reports were easy to read and you could peruse yours over cereal in the morning, do you think the credit reporting agencies would suffer an onslaught of dispute letters costing them millions of dollars in work related verifications? Remember, they have 30 days to complete any investigation you request.

 

This is the single most important rationality I believe consumers should use a credit repair software. After all, who knows how to get inside of a credit report? Do you know all the codes and the terms they use to confuse you? Do you know where to send a credit dispute letter? Do you know how to write an effective and persuasive letter requesting account validations?

 

The answer is probably not because if you know all this codes, you are not spending enough time living. Remember, credit reporting agencies exist for the lenders. They sell consumer information and have huge data files on us -what they spend, how much and where they spend money. Do you really believe they are going to make it easy for you or is their allegiance to their customer or to the credit card companies?

 Keep in mind that reporting errors cost you money. Every month these higher interest rates dig a little deeper into your pocket.  .