Sometimes credit reporting agencies make the mistake of levying a false charge on the credit report. Such an aberration may happen because they have too much load at hand. Having said this, it is not an irredeemable situation and can be altered easily.

Credit bureau may not agree but tons of negative listings are altered each day. This is because we, the inflicted, have a say in the matter.

Just challenge your report to the Fair Credit Reporting Act (FCRA). FCRA redirects the report to the lender. In the meantime, the history of the creditor is technically examined by FCRA.

In the event of the creditor not responding within a month, the negative listing is automatically waived off. You can also take the matter to the court of justice and get the issue resolved. It is advisable to take the service of an attorney.

If you think that the credit report is genuine and you do not wish to fight it, then simply put in a100 word request and send it to the top agencies for changing the negative listing. Your request must be genuine and at the same time, you should show the initiative to pay off.

This entry was posted on Tuesday, January 13th, 2009 at 8:08 am and is filed under Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.