Dealing with debt repair companies should not be an entirely unpleasant experience. As a consumer, you should know how debt solutions work to be able to navigate through your debt with ease and make debt relief go as smoothly as possible. With the right information, you can tackle your debts like a pro.
When it comes to dealing with errors on your credit report, it is an entirely different conversation. Make sure you know your debt solution options to avoid dragging down your score (especially when it is not your fault). You can handle debt solution help and avoid errors like a pro by following these steps:
Know Your Rights
You have the right to investigate any errors or inaccurate information that might have a negative impact on your credit report. Therefore, you can review or hire someone to look at your credit report to ensure that no error is causing your credit score to go down. It is also important to file a dispute right away to have the errors fixed and refrain from creating a negative impact on your credit standing.
Another important thing to note is that you can dispute and file for review on mistakes on your credit report with no cost to you. Hence, take advantage of your rights and do not be lured into thinking that your credit report is final.
File the Complaint
The first step in fixing any errors in your credit report is to contact the credit reporting company in writing. In your letter, state your complete name, address and other essential personal details. You should also identify each wrong item in your credit report in the letter and enclose a copy of your report for them to review. In addition, you can attach copies (not originals) of documents to serve as proof for the disputed items.
The credit reporting company will allot up to 30 days to review your dispute – so be patient with it. This will give them enough time to forward the data you presented to the concerned organizations and validate the accuracy of the information given. If there are any changes or deletions to your credit report, the credit reporting company will notify you via letter within the 30-day period.
Avoid Credit Repair Fraud
Knowing what you can do or can’t do about your credit standing is crucial to your efforts at debt repair. It will also inform you about fraudulent practices and report them to the concerned agencies. This issue is most common when dealing with debt solutions companies. A lot of these companies exploit the sense of desperation in consumers in an effort to free themselves from debt. However, you should investigate the debt relief company you are working with to ensure that they are not just cashing out on you.
Want help with debt solutions? You can get professional help and advice from the top credit repair advisors at Debt Helpline Australia. You can get a free, no-obligation consultation with them to get started on your track to becoming debt-free. For more details, visit http://www.debthelpline.com.au/.