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Corrected ReportIf you have an item removed from your credit report, you are entitled to an updated report. Further, the FCRA requires that the bureau send a free credit report update to anyone who received a copy of the report within six months prior to the correction. After receiving and reviewing your updated report, you may see a big difference. Some credit repair professionals make claim to 50 percent to 100 percent success rates in removing detrimental information. Keep in mind, however, that the percentage removed depends on the number disputed. If you've only disputed one item on your credit report and that one item has been removed, you have scored 100 percent. If, on the other hand, you disputed nine items and had three removed, you've only scored 33 percent. These numbers can be deceiving. If you have only removed one item, chances are it was the one item that affected your report the most, so consider it a success. If, after getting your updated report, you find a disputed item remains and you are convinced of its error and are still willing to dispute it again, write another letter to the credit bureau and request a reinvestigation. Many professional credit repair services dispute every detrimental item on reports (whether valid or not), and then bombard credit bureaus with reinvestigation letters, until the credit bureau fails to respond, and items then must be removed by default. A more effective strategy is to follow up with the source creditor. The burden of proof to verify and validate the items reported on your credit report falls squarely on their shoulders. Request they provide proof that what they’re filing is inaccurate. The law stipulates that if they cannot verify their records, then the items there are falsely reporting must be deleted. |
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