Credits & Loans
Removing one mistake from a credit report can greatly improve your score. To amend such an issue, you need to send in a letter to correct the report. Including proof related to the error ? paid off balances, name changes, recent payments ? will expedite this process. You can contact both the lender and the credit reporting agency to fix the mistake.
The Request for Credit Report is a form that you can fill out in order to request a free copy of your credit report from the three nationwide consumer credit reporting companies. Federal law gives you the right to get a free copy from each company once every 12 months, either all at once or one at a time.
If you need a loan?s rates or terms revised, you will have to most likely write a hardship or loan modification letter to the lender. This document explains the reasons, commonly extenuating circumstances such as a job loss or illness, behind hardship or late payments. This letter should also explain past efforts to remedy the issue.
Not every utility or credit card statement is correct. If you spot a billing issue, you can send in a bill adjustment request to remedy this issue. Some companies have a link for this on their website whereas others ask that the adjustment request be mailed in. Common errors are related to interest rates, late fees and general rates.
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