What Are the Most Common Mistakes Consumers Make When Filing a Credit Dispute?

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There’s nothing more frustrating than discovering that there is an error on your credit report. Not only can this impact your financial future, but it can cause stress and anxiety. As such, filing a dispute to have the information removed is critical. However, it’s imperative to understand that there are mistakes you can make when filing a dispute that can impact the outcome of your claim. As such, the following blog explores what you should know about these errors and why you need a Los Angeles, California inaccurate account information disputes lawyer.

What Is a Credit Dispute?

When you notice incorrect information on your credit report, it can impact your ability to take out loans. Generally, two forms of mistakes impact consumers – financial and personal. When there is incorrect financial information on your report, you’ll find that this can lower your credit score, making it harder for you to be approved for loans. If there is incorrect personal information on your account, you may be denied because the information on your report does not match the information you submitted to the lender.

As such, you can file a credit dispute with the reporting agency to have this information removed or remedied. Generally, you’ll print out a copy of the report, highlight the incorrect information, and explain why it is incorrect. You must also attach proof of the error.

What Common Mistakes Should I Avoid When Filing?

If you wish to file a credit dispute to fix the incorrect information on your credit report, taking the time to ensure you avoid common mistakes that could impact your claim is critical.

The first mistake to avoid is sending in a vague dispute. Many assume that simply pointing out the error is enough to prompt the agency and employees to do their own research into why you are right. However, if you do not put enough information, the agency will have nothing to go on. As such, they will not overturn their decision to leave the information on your report. If you wish to file a dispute, you must provide sufficient and specific information about why the information on your report is incorrect.

Another common mistake made is failing to retain a copy of your report. Many agencies will encourage you to file online, but this is not recommended. If you submit the report by mail, you can keep a copy of exactly what you mail to the agency, which is imperative should the agency want to claim you did not submit a dispute. Additionally, you can send this through certified mail, meaning you will get a receipt when the agency receives your mail, which gives you proof that the agency received your letter.

At Los Angeles Legal Solutions, we understand how frustrating these matters can be. As such, if you feel as though the credit reporting agency is ignoring you despite providing adequate information, connecting with an attorney to explore your options is critical. Luckily, our team is committed to helping you through these challenging times. Reach out to us today to learn how we can assist you through these challenging matters.

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