| To figure out how to improve your credit its best to | | | | Disputing items on your credit report should be easy, |
| start with knowing how value system works. | | | | but its not. You must contact the company that |
| 1. An inquiry= it is a company pulling your credit and | | | | reported you late or reported the wrong info about |
| its about a 1-3 points deduction | | | | you, it could take months to get that, then you must |
| 2. Late payments= it is about 10-20 points deduction | | | | notify the 3 agencies: EQUIFAX, EXPERIAN, |
| 3. Collection = it is about 10-30 points deduction | | | | TRANSUNION. |
| 4. Public records such as: Tax liens, foreclosure, BK, | | | | Thereafter, submit proofs, contact them and follow |
| Child Support, etc. = it is about 20-50 points | | | | up. Submitting the request for review could take |
| deduction. | | | | months on your end. The other problem is that |
| Is it legal to get them removed or deleted? NO. The | | | | consumers don't take time to learn their relevant |
| Fair Credit Reporting Act (FCRA) gives you the right | | | | consumer protection rights or formulate a |
| to contact credit bureaus directly and dispute items | | | | statute-based plan of attack, and their quest for |
| on your credit reports. You can dispute any and all | | | | credit justice ends in frustration. |
| items that are inaccurate, untimely, misleading, biased, | | | | The average time it would take to remove lates, |
| incomplete or unverifiable (questionable items). If the | | | | collections, etc is about 6 months to a year or more. |
| bureaus cannot verify that the information on their | | | | However, we found a better solution to dispute |
| reports is indeed correct, then those items must be | | | | items like inquiries in about 7-14 business days. |
| deleted. | | | | |