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.
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.
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.
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.
Page 1 of 1