5 Reasons That You Should Always Dispute Bad Credit

Always Dispute Bad Credit

Credit score can affect your life positively and negatively. It directly influences what loans you are eligible for, what rates your will get, and the amount you will spend on big ticket items. This means it is important to always know what your credit report is and how you can work to improve it. Below are the five reasons you should always dispute bad credit.

Dispute the bad credit if there is an error in the credit file.

Errors in your credit file can mean a number of different things. This includes a wrong name listed, a wrong address, or a false amount being charged. If the creditor does not have these things listed correctly, there is a higher chance that the records are false and that the charge is not yours. If this is the case, they may not be able to prove that the debt is yours and they will complete the process of removing it from your credit report. It is vital that you check your older debts to see if all of the information that they have listed is correct.  It is always best to check the information yourself and know what you are getting so you can avoid false promises from credit repair companies

Dispute the bad credit if the debt is past the federal credit reporting period.

Debts are listed on your credit report for a certain about of time. Once that time has lapsed, they have to be removed. If they have not been removed then you should dispute the bad credit and then proceed with the process of having it taken off your file. Most of these debts have a federal credit-reporting period of 7 to 10 years. Talk to a credit repair specialist or counselor about how long each particular time of debt can stay on your credit report.  Finding the top credit repair companies will help guide you much quicker to clean up your fico score in a much faster manor.

Dispute the bad credit if the debt is listed incorrectly.

What if a debt is listed at 30 days late when it was only 5 days late? If you have proof of this, then dispute the bad debt. This will bring you credit score back up where it truly needs to be. However, a missed payment can and will hurt your credit score. Keep your records of your debts and payments so you can quickly catch any debts that are listed incorrectly and help your credit score.

Dispute bad credit if you are a victim of identity theft.

If you have been the victim of identity theft, the thief may open up accounts in your name without your permission. This can make a very negative impact on your credit score. Make sure to file a report with the police report immediately.

Dispute the bad credit if you think the debt might not be yours.

If you see an unfamiliar debit listed on your credit report, then you should absolutely dispute it. The creditor will be able to tell whether the debt is in fact yours and they will act to remove it from your credit report. You have the right dispute bad credit that is not yours.