You can have inaccurate, incomplete, or unverifiable information corrected in your credit report with a credit sweep. Most people, even people with great credit, have inaccurate information on their credit profiles that hurts them. Under the Federal Credit Reporting Act, you have the right to dispute inaccurate or incomplete information in your credit profile. And a credit reporting agency must remove or correct inaccurate, incomplete, or unverifiable information. A credit sweep is an effective way to dispute damaging information on your credit report.
Credit Review and Credit Sweep Not reviewing your credit report or skimming over your report is one of the costliest mistakes that you can make. You may miss items that are eligible for correction or deletion because they fall within the inaccurate, incomplete or unverifiable categories. These things have a negative effect on your credit score and make loans more expensive for you.
The following are a few things to check for: Duplicate accounts wrongly increase the amount of your debt. Accounts that have been paid off but still show a balance have the same negative effect on your credit as when you owed money on them. Underreported credit limits make your debt to credit ratio (how much debt you have compared to how much credit is available) seem greater than it is. Late payments have a big impact on your credit because they account for over 1/3 of your credit score. If late payments are incorrectly reported on your credit report you need to address it. Debt for which the statute of limitations has passed. The information may remain on your credit report for 7 years but the collector has no legal right to collect the debt.
Manual Credit Repair The idea behind a manual credit repair is “the squeaky wheel gets the oil.” Most credit dispute letters are formatted to be easily read by computers. A hand-written dispute letter that can’t be read by a scanner and therefore analyzed by a computer program, is therefore the squeaky wheel that gets attention by a real human. The file must be reviewed by a person instead of being handled by the consumer agency’s automated system. Inaccurate, false, or unverified information is more likely to be removed from a credit report when the dispute is handled by a person. That is why we use manual credit repair with all of our credit sweeps.
Protect Your Credit with Credit Sweep Use the law to fight against inaccurate, incomplete, and unverified information on your credit profile. You are legally entitled to have this damaging information removed from your reports. And a credit sweep is a fast and effective way to remove all types of negative information. Your credit scores will quickly increase as your credit reports are corrected a credit sweep.