Posts Tagged Mistake
Phantom debt? How could I be sure and what steps to I take?
PuzzledPink asked:
I am a responsible bill payer, never really had anything like this happen. I get a bill from a Sunrise Credit Services representing t-mobile saying I owe $259.61. I have no recollection of this bill nor was I ever contacted by t-mobile. I have not been a member of t-mobile for about a year or two so I know this is really weird. I get a notice saying I only have 10 days before the debt gets reported to my personal credit report with national credit bureaus. I NEVER RECEIVED PRIOR CORRESPONDENCE to even have been able to request for validation or dispute the debt. I never got a FIRST notice. How do I go about proving I do not owe this? Or, how do I verify that I do actually owe this? I do not have my final t-mobile statement anymore. I’ve paid the final bill plus the early termination fee prior to switching carriers.
Letter: (dated 07/14/09, received 07/19/09)
Our client has asked us to collect this debt. We have tried repeatedly to to so but with no success. (FALSE!!!) Our client has now asked us to report this debt to your personal credit report with a national credit bureau.
I am a responsible bill payer, never really had anything like this happen. I get a bill from a Sunrise Credit Services representing t-mobile saying I owe $259.61. I have no recollection of this bill nor was I ever contacted by t-mobile. I have not been a member of t-mobile for about a year or two so I know this is really weird. I get a notice saying I only have 10 days before the debt gets reported to my personal credit report with national credit bureaus. I NEVER RECEIVED PRIOR CORRESPONDENCE to even have been able to request for validation or dispute the debt. I never got a FIRST notice. How do I go about proving I do not owe this? Or, how do I verify that I do actually owe this? I do not have my final t-mobile statement anymore. I’ve paid the final bill plus the early termination fee prior to switching carriers.
Letter: (dated 07/14/09, received 07/19/09)
Our client has asked us to collect this debt. We have tried repeatedly to to so but with no success. (FALSE!!!) Our client has now asked us to report this debt to your personal credit report with a national credit bureau.
We will be reporting this debt to one or more of the national credit bureaus on or about 07-24-09. The only way this process can be stopped is by your action. You need to pay this amount in full immediately.
Banks, mortgage brokers, credit card companies, auto dealers and all major retailers look to your personal credit profile to make decisions whether to lend you money. You are jeopardizing your basic right to credit.
Your future credit is in your hands now! Don’t take this lightly. Don’t make a mistake that you’ll have to live with in the future. Pay this debt today!
Wilma
How to Get Late Payments Off Of My Credit Report
Tim Bock asked:
Anyone who’s working to rebuild their credit understands how frustrating it can be. Your credit score show all of the good and bad habits of your credit history. Late payments are generally one of the largest contributing factors of poor credit. In most cases waiting is the only option. However there are a few things that can be done to help take last payments off your credit report sooner rather then latter.
Late payments will appear on your credit report as either 30, 60, 90 or 120+ days late. Make sure you focus on the 120+ payments first, since they have the most negative impact on your credit score.
You should also look for unusual names. Can you match them up to an account that you have? If the answer is “no”, you need to investigate further. It could be possible that these were charged to you by mistake, therefore affecting your credit in a negative way. Even worse you could be a target of identity theft, which is another reason to make sure someone isn’t charging things to your credit without your consent.
If you’ve ever declared bankruptcy it’s important to understand it should only stay on your credit report for 7 years. If it’s still showing up after the 7 year deadline, you need to send a letter to all the credit bureaus and make sure it’s taken off.
While invalid late payments can be frustrating, it’s important to understand there are ways to fix your credit score. It’s important to act as soon as possible.
Marc
Anyone who’s working to rebuild their credit understands how frustrating it can be. Your credit score show all of the good and bad habits of your credit history. Late payments are generally one of the largest contributing factors of poor credit. In most cases waiting is the only option. However there are a few things that can be done to help take last payments off your credit report sooner rather then latter.
Late payments will appear on your credit report as either 30, 60, 90 or 120+ days late. Make sure you focus on the 120+ payments first, since they have the most negative impact on your credit score.
You should also look for unusual names. Can you match them up to an account that you have? If the answer is “no”, you need to investigate further. It could be possible that these were charged to you by mistake, therefore affecting your credit in a negative way. Even worse you could be a target of identity theft, which is another reason to make sure someone isn’t charging things to your credit without your consent.
If you’ve ever declared bankruptcy it’s important to understand it should only stay on your credit report for 7 years. If it’s still showing up after the 7 year deadline, you need to send a letter to all the credit bureaus and make sure it’s taken off.
While invalid late payments can be frustrating, it’s important to understand there are ways to fix your credit score. It’s important to act as soon as possible.
Marc
Glitches on Your Credit Report: How to Fix Them Right
David Siegel asked:
s world, having a bad credit report may be detrimental. Even though in most cases consumers have brought this upon themselves, in some cases the bad credit report may be caused by a glitch in the credit bureau system. As up to 25% of credit reports have a substantial error that can affect the consumer in getting credit, housing or a job. Although, some may feel helpless against the unperfected credit bureau system, that is far from the truth.
Every person should order a credit report at least once a year, it is free on annualcreditreport.com. This report should be carefully examined for mistakes and biased information. Once a mistake is found the credit bureau should be contacted through certified mail, explaining the mistake. The creditor that reported the information to the bureau should also be contacted by mail, stating the mistake that was found. The Fair Credit Report Act mandates credit bureau to delete all incorrect information that may be on the report. Therefore once the credit bureau receives your letter disputing the mistake within the report, it will investigate the glitch by contacting the creditor and trying to verify the credit report. If the creditor does not respond in time or if he does not verify the information on the original report then the bureau will delete the erroneous information from the report.
Furthermore, if your credit report displays information that you feel is biased towards you, you can add an explanatory note explaining the situation. For example, if you moved to another address while your bills kept coming to your old address, causing impairment to your credit score, you can add a note to your credit report explaining that situation. Just write a note to the bureau explaining that you would like such a note included on the report. Sometimes an easier route to fixing your credit report is by contacting the creditor that reported the problem to your credit bureau and asking them to clear up the glitch, by contacting the bureau.
No matter which approach you take to fixing your credit report you need to make sure that the mistake has been fixed by getting a subsequent credit report. Remember if the credit report gets a letter notifying them of a glitch, they have to investigate it, and if they can’t verify the original report then they have to delete the information. By taking control of your credit report, you can begin to change your financial picture.
CONRAD
s world, having a bad credit report may be detrimental. Even though in most cases consumers have brought this upon themselves, in some cases the bad credit report may be caused by a glitch in the credit bureau system. As up to 25% of credit reports have a substantial error that can affect the consumer in getting credit, housing or a job. Although, some may feel helpless against the unperfected credit bureau system, that is far from the truth.
Every person should order a credit report at least once a year, it is free on annualcreditreport.com. This report should be carefully examined for mistakes and biased information. Once a mistake is found the credit bureau should be contacted through certified mail, explaining the mistake. The creditor that reported the information to the bureau should also be contacted by mail, stating the mistake that was found. The Fair Credit Report Act mandates credit bureau to delete all incorrect information that may be on the report. Therefore once the credit bureau receives your letter disputing the mistake within the report, it will investigate the glitch by contacting the creditor and trying to verify the credit report. If the creditor does not respond in time or if he does not verify the information on the original report then the bureau will delete the erroneous information from the report.
Furthermore, if your credit report displays information that you feel is biased towards you, you can add an explanatory note explaining the situation. For example, if you moved to another address while your bills kept coming to your old address, causing impairment to your credit score, you can add a note to your credit report explaining that situation. Just write a note to the bureau explaining that you would like such a note included on the report. Sometimes an easier route to fixing your credit report is by contacting the creditor that reported the problem to your credit bureau and asking them to clear up the glitch, by contacting the bureau.
No matter which approach you take to fixing your credit report you need to make sure that the mistake has been fixed by getting a subsequent credit report. Remember if the credit report gets a letter notifying them of a glitch, they have to investigate it, and if they can’t verify the original report then they have to delete the information. By taking control of your credit report, you can begin to change your financial picture.
CONRAD
How do I get a valid 30-day late removed from my credit report?
Daphne34345 asked:
My FICO scores for 3 bureaus run from 740-755, which is not bad. However, I have a 30-day late from a department store credit card from about a year and a half ago that I’d like removed. I know how to go to credit bureaus to ask them to remove this if it is a mistake by the credit provider, but it’s not. It’s a valid entry – I just forgot to pay this one bill on time for one month when I had a lot of personal emergencies going on.
My FICO scores for 3 bureaus run from 740-755, which is not bad. However, I have a 30-day late from a department store credit card from about a year and a half ago that I’d like removed. I know how to go to credit bureaus to ask them to remove this if it is a mistake by the credit provider, but it’s not. It’s a valid entry – I just forgot to pay this one bill on time for one month when I had a lot of personal emergencies going on.
I have kept this account open and paid on time since this one mistake. If I go back to the credit card provider and explain that I have learned my lesson and have been a good customer since then, is it possible that they will remove this black mark from my account so that I can have the credit bureaus remove it?
Credit Report and Credit Score
Isabel asked:
Credit Report and Credit Score is used to check credit worthiness of a person. Credit score is based on the data provided by the credit report that indicates payment history, accounts, etc. Today many lenders and retailers take the help of credit report and credit score to lend credit. Credit report and credit score helps the bank lenders to judge the credit worthiness of a person at the time of allotting him credit.
Person with bad credit report and score find it difficult to raise the credit whereas the person with good credit score and report does not face any financial stake. The credit report and score provides a true picture of a person’s financial position. But it is the initiative of individual or financial institution to ask for it. This credit report and score are provided by credit bureau within few days of your request.
It is advisable that every person must understand his/her credit report. Initially the law prohibited for its disclosure but later on it was made available on request. It is vital that one should check his/her credit score and report any errors found. Remember a small error in your credit score can harm your credit report in a big way. Generally credit score ranges from 300-750 but many people have their credit score within 600-750. In business terms, score above 700 is regarded as excellent credit score.
Why Check Free Credit Report and Score?
Checking Credit Card does not harm your credit score. Checking removes the bad remark in your credit report and similarly in the credit score. It indicates your financial position in the business. Regular updating of credit report also helps to rectify any major financial error. If you find any error or mistake in your credit report assure that you rectify it immediately.
How can you get your Credit Score?
It is true that credit score is totally based on the content in credit report. As the content in credit report varies there is variation in your credit score. It is possible to view your credit report online just by requesting for it. The credit report and credit score that you get through these online services do not cost much.
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Credit Report and Credit Score is used to check credit worthiness of a person. Credit score is based on the data provided by the credit report that indicates payment history, accounts, etc. Today many lenders and retailers take the help of credit report and credit score to lend credit. Credit report and credit score helps the bank lenders to judge the credit worthiness of a person at the time of allotting him credit.
Person with bad credit report and score find it difficult to raise the credit whereas the person with good credit score and report does not face any financial stake. The credit report and score provides a true picture of a person’s financial position. But it is the initiative of individual or financial institution to ask for it. This credit report and score are provided by credit bureau within few days of your request.
It is advisable that every person must understand his/her credit report. Initially the law prohibited for its disclosure but later on it was made available on request. It is vital that one should check his/her credit score and report any errors found. Remember a small error in your credit score can harm your credit report in a big way. Generally credit score ranges from 300-750 but many people have their credit score within 600-750. In business terms, score above 700 is regarded as excellent credit score.
Why Check Free Credit Report and Score?
Checking Credit Card does not harm your credit score. Checking removes the bad remark in your credit report and similarly in the credit score. It indicates your financial position in the business. Regular updating of credit report also helps to rectify any major financial error. If you find any error or mistake in your credit report assure that you rectify it immediately.
How can you get your Credit Score?
It is true that credit score is totally based on the content in credit report. As the content in credit report varies there is variation in your credit score. It is possible to view your credit report online just by requesting for it. The credit report and credit score that you get through these online services do not cost much.
Caffeinated Content – Members-Only Content for WordPress