What the FTC Says About Disputing Credit Report Errors
The Fair Credit Reporting Act (FCRA) clearly states that consumers have the right to protect themselves against unfair credit reporting by creditors and credit reporting agencies. For this reason, you must regularly check your personal credit report score to make sure that it contains accurate information. Why is it important to correct errors in your report? When applying for a loan, a creditor would first check the applicant’s credit history before approving application. Errors in your report may cause you to have a lower credit score than your actual credit standing. As a result, your application may get declined unnecessarily. Read more about What the FTC Says About Disputing Credit Report Errors