Credit Report Repair Guidelines: No individual can legally remove accurate and timely negative information from a credit report. But the law does allow each of us to request an investigation of information in your file that you feel is inaccurate or incomplete. There is absolutely no charge for this. Anything a credit repair service can do for you legally, you can do for yourself at little or no cost. This is according to the Fair Credit Reporting Act.
Our rights for Credit Report Repair: Each of us is entitled to a free copy of our credit report if we've been denied credit, insurance or employment within the last 60 days. If your application for credit or employment is denied because of information supplied by a credit report bureau, the company you applied to must provide you with that credit report bureau's name, address, and telephone number.
Credit Card Disputes
You can dispute mistakes or outdated items on your credit report for free. Ask the credit reporting agency for a dispute form or submit your dispute in writing, along with any supporting documentation.
Items on the Credit Report
Clearly identify each item in your credit report that you dispute, explain why you dispute the credit report information, and request an investigation. If the new investigation reveals an error, you may ask that a corrected version of the credit report be sent to anyone who received your credit report within the past six months. Job applicants can have corrected credit reports sent to anyone who received a report for employment purposes during the past two years.
Investigations on your Credit Card
When the investigation is complete, the credit report bureau must give you the written results and a free copy of your credit report if the dispute results in a change. If an item is changed or removed (repaired), the credit bureau cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness, and the credit bureau gives you a written notice that includes the name, address, and phone number of the provider.
You also should tell the creditor or other information provider in writing that you dispute an item. Many providers specify an address for disputes. This is necessary for Credit Report Repair. If the provider then reports the item to any credit bureau, it must include a notice of your dispute. In addition, if you are correct, if the information is inaccurate the information provider may not use it again.
Credit Card Disputes
If the investigation does not resolve your dispute, have the credit bureau include your version of the dispute in your file and in future reports. Remember, there is no charge for an investigation.