This is the most popular way to increase credit score - dispute errors and inaccuracies on your credit report.
It will work, however , you need to know what you are doing if you want to take this route. Let's take a look at the different things that you need to keep in mind when you do this to repair credit score.
Firstly, you will need to acquire a copy of your credit report. It is a well known fact that you can get one free copy of your credit report from each one of the three credit agencies per year. You need to ask for this through the specific website made available for this purpose. Don't let yourself be fooled by other places that claim to get your report for you for free or for a modest fee; or claim to be this particular website but have a different spelling or domain extension.
Once you have acquired your credit report you have to study it for errors and faults. But please note, you are only really concerned with the Credit History part of the report. You want to investigate it carefully for errors with regards to names, dates and amounts.
Follow this advice with regards to the approach that you should take in this process:
1. Do not bother to correct anything that is incorrect but is not going to raise your credit score. For example, the account type may be incorrect but regardless of that the information about the amounts and the dates repayments were made are correct. In this case, you do not want to make an issue out of this because the problem is that it will not make a difference to your report and you will just run the risk of the claim being ignored as 'frivolous'. In this case, they are able to reject ANY claim created by you for the next twelve months as being frivolous and this is definitely not the required outcome.
2. Make 100% sure that you have the proof to support your claims in the case of inaccurate information. For example, there can be accounts there listed as still open (with balances against them) when actually they have been repaid already. Make COPIES of your proofs and submit the copies together with your letter. Never submit the originals! If you do not have proof then you should think about whether you should go through the effort of raising the issue. The problem once more is that they can write off your claim if you do not have proof.
3. Make sure you do not use a form letter, a letter format copied from the web, or a letter format that you obtained from a credit repair company when you state your case. They get lots of letters in these formats and they're going to probably ignore your request or inform you that the information that they have is accurate and that nothing should be done on your credit history.
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