Here’s the Video Transcript:
Don’t Let Credit Report Errors Affect Your Credit
Every month, Experian will send out two credit reports – one for you to view and another to review. On one report you’ll see what Experian looks at when it does its credit checks, on the other you’ll see all of the issues with your own credit report. You’ll see everything from the fewest number of missed payments to the highest balances.
Some people are only aware of the issue of what’s on their report, but they’re not aware of the recent reporting errors that they’re probably unaware of. The fact is that Experian is consistently making changes to your credit report that could be affecting your credit score.
This makes sense for Experian to make changes to your credit report. Experian wants to make sure that your credit report is accurate, and it also wants to make sure that you’ll pay your bills in a timely manner.
If Experian’s recent reporting error had been properly noted in your report, it would’ve prevented this problem from even happening. This means that your credit rating is really an illusion created by a company.
In order to get out of this situation, you need to contact Experian and file a dispute with them. The company will not allow these problems to be used against you in any way.
Even if the problem is not on your exact credit report, it still affects your credit. Experian is simply doing the least amount of damage possible by closing the files with this error.
The great thing about filing a dispute is that the dispute will be sent back to Experian, who will look into the issue and fix it. The next time you receive your credit report, there won’t be any problems with your credit, and your report will show up perfectly.
This won’t happen, however, if you do not dispute the problem. After all, Experian’s only supposed to tell you that a problem exists, not allow it to continue existing in your report.
When you send in a dispute, it will help you get your credit score back up, so that it doesn’t drop further down the track. The credit score is the most important aspect of any type of financial transaction and is critical for many financial situations.
It’s extremely important to look at your credit report before you apply for anything. You don’t want to get denied for any reason, so it’s important to make sure that everything is up to date.
Disputing a credit score mistake is very simple. Use a dispute form and you’ll have your credit report all fixed in a matter of minutes.