Credit Repair in San Antonio: Correcting Incorrect Credit Information

If you’re experiencing the consequences of bad credit, credit repair is a legal option you can take to improve your credit rating and help you return to the plane of financial stability. San Antonio credit repair consultants can help to make the complicated job of repairing your credit simpler, and the Federal Trade Commission has this to say about it:

No one can legally remove accurate and timely negative information from a credit report. You can ask for an investigation —at no charge to you — of information in your file that you dispute as inaccurate or incomplete.”

Requesting a Free Credit Report

The first step of correcting incorrect credit information is to obtain a current copy of your credit report. Usually, and as a basic right, you should be able to get at least one credit report for free. TransUnion, Experian, and Equifax are all also required to furnish you with a free copy of your report once every 12 months.

Requesting an Investigation

The second step of repairing your credit involves requesting for an investigation on items on your credit report that you feel are inaccurate. This must be done in writing and must include documents that support your position.

If the investigation turns out in your favor, the credit reporting company will notify you in writing of the change to your credit report. However, if the investigation does not fall in your favor, you may be asked to include a statement of dispute in your file.

Disputing Incorrect Information

The final step you can take in repairing your credit will involve filing a dispute in writing. Again, you must include copies of the documents that support your position. By filing a dispute, the information provider will be required to include your notice of dispute. If the information is found to be incorrect, the provider will no longer be able to report it again.

Getting Advice

Although the process may seem quite simple, the Federal Trade Commission also says:

Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops.”

One such company is Credit 360 Consulting, which can also provide you with information on state and local laws that might affect the success or failure of credit repair in San Antonio, TX.

(Article Excerpts and Image from Credit Repair: How to Help Yourself, Federal Trade Commission)

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