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3 Things To Avoid In Credit Bureau Records | credit bureau records

What is the purpose of checking into credit bureau records? There are many reasons why this should be done. One reason might be to check if inaccurate information is being reported on a person's credit score. Accurate information is important when trying to secure financing. The last thing one wants to do is get rejected from a mortgage or credit card because of incorrect information on one's report.

Checking into one's credit bureau records can also help when attempting to retrieve a freeze on one's credit account. In order to obtain a freeze on one's credit account, it must first be determined that one's credit history has been negatively impacted. The credit bureau that holds the credit history will send a letter to the credit bureaus asking them to freeze the account. This request is usually made in writing. Some will also make it a verbal agreement.

Once the credit bureau records show that an inquiry was made, the customer can request the freeze. This could be done via email, phone call or by personally visiting the agency and requesting the freeze. It's important to note that some agencies only provide account freeze requests through the mail. Others may require a phone call or a written request for a freeze. In any case, once the request is received, the individual must wait as long as it takes the company to process the request.

If a freeze is granted, the individual will need to provide proof of identity. Examples of forms needed to verify identity would include a utility bill, a social security card or driver's license. Another way to provide evidence of identity is through birth certificates. However, it's still a good idea to monitor one's credit reports at least annually to make sure no new accounts have been opened. The reasons for checking into one's credit reports include viewing one's credit reports to detect possible errors, the removal of open accounts, and sometimes checking to make sure an account has been paid in full.

The next step once a freeze is applied to one's credit reports is reviewing them. The purpose of this review is to ensure the items were removed and if not, to find explanations as to why the account was removed. Some of the credit bureaus will provide information about the account's history on their own website. Others will require the requestor to contact them via phone or email.

There are three main differences between a credit report dispute and receiving a freeze. For disputes, the account needs to have been placed in the credit bureau system within a certain amount of time. Also, for a freeze, the creditor must submit proof that the account should no longer be seen as open. If these requirements aren't met, the creditor might not be granted a freeze and the request won't be granted one on a subsequent report.

While many people assume that all three of the major credit bureaus to share information, this isn't the case. The bureaus are independent of one another and have their own individual records for their customers. In fact, only one of the three major bureaus actually checks the credit scores of most consumers at least once per year. That's because each bureau focuses on different types of debt.

One of the best places to start the process of dispute information is through the official Equifax website. There is a link titled “odgelock” that will take a consumer directly to the equifax dispute center. From there, the process of checking on an account can be made very easy. Once there, the consumer can choose to post a dispute directly with Equifax, request a credit freeze, or ask for any other type of verification. It's just a matter of navigating through the online process.


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