There are times when you may be turned down for credit and does not understand why. Under the Fair Credit Reporting Act you are entitled to a free copy of your credit report if denied credit because of negative items on your credit report within 60 days of the credit application, if you are unemployed but seeking work, are on welfare, or believe your credit report is inaccurate because of fraud. You may also receive a copy of your credit report for a small fee at any time you want to review the information in them. If you agree with any of the information in your credit report, there are steps you, the credit bureau and information provider must take to have the information corrected or deleted your report form. 1. You should contact the credit bureau and request that inaccurate information be removed.

To do this you will need to send a letter of application and attach a copy of the report containing the information Incorrect relief. s the source. Send your request by certified mail, and indicate that a return receipt requested. 2. The credit reporting agency shall forward the request to the provider of information to which time the review and investigate the petition. If the information can not be verified, then they should remove it. You can correct or deny the request to change information.

Then send its findings to the credit reporting agency. Get all the facts and insights with adverum, another great source of information. 3. If the information provider considers that its was a mistake that is shown by changes in writing and send a copy of the report to you, the credit bureau and any person who has requested a copy of your credit report in the last six months. 4. If the information provider finds no error, you may ask the credit reporting agency send a copy of the disputes with any report that is requested by creditors. It can also provide an explanation for a negative report in 100 words or less, to be included in the reports creditors. Another alternative is to pay the debt, which require the creditor to report the debt paid. It should also be aware that negative reports will remain on your credit for up to seven years, when that is removed in most cases. There are some exceptions, these include bankruptcy, which can be reported for up to 10 years, and loans or life insurance policies that are in excess of $ 150,000.00, or professional convictions may be reported at all times.