Clean Credit Texas
Don't count on the credit bureau or furnisher of information to the credit bureau to keep clean credit records about you. According to study after study the credit records at the credit bureaus contain millions of errors within billions of tradelines.
One study conducted by US Public Interest Research Group (US PIRG) showed that 29% of credit reports contained serious inaccuracies (false judgments, false delinquency notices) that could result in denial of credit. Overall, PIRG found that 70% of reports had some type of error. Further, 20% of reports were missing creditworthiness information that would have assisted a consumer in obtaining credit. This results in denied loan applications and higher interest rates for those who do obtain credit.
A clean credit report includes accurate credit records including payment history, credit utilization, and mix of credit. To achieve clean credit you may have to file a credit dispute with the credit bureau. When you file a credit dispute with the credit bureau make sure you hold the credit bureau to a reasonable timeline outlined by the Fair Credit Reporting Act (FCRA). Require the credit bureau to be responsive including providing you with appropriate supporting documentation for any credit dispute made.
There is a good chance when you first contact the credit bureau you will receive a verification of the record in question from the credit bureau. Your credit repair work is not done. The next step may require communication with the Furnisher of Information in accordance with the Fair and Accurate Credit Transaction Act (FACTA). Require the creditor to be responsive including providing you with appropriate supporting documentation for any credit remark they have furnished to the credit bureau.
