When should you dispute a credit report?
Not all errors on your credit reports are detrimental to your financial health. Find out which inaccuracies you should address right away and how to do it.
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The Whole Credit reporting system needs to be revamped, so that a $5.00 old bill-debt cannot ruin your credit. There should be a ceiling to what could be reported to the credit bureaus. Such as anything less than $300.00 should not be able to be reported.
What needs to be done with these credit report outfits is to get rid of them for good. They are never accurate and can damage a persons history so they may never get a loan for a car, home or just some mad money for vacations.
What is really infuriating is that Credit Reporting agencies always operate from the standpoint that businesses reporting info. about you are ALWAYS correct.
These Credit Bureaus need to be accountable for false information that damages people financially.
I have different info on each of the 3 credit reports...some right, some wrong, some harmeful, some
worthless, and wrong previous adresses where I never lived...debts I do not owe, etc. This entire system is useless...and we have very limited access to correct and intervene. Needs overhaul now !!!
DONT GET ME STARTED..after losing my apartment, car job, etc etc..because I was the victim
of a crime....I found out that there is no file or place or space for victims...of crime...I could not work...The credit Bureaus had nothing but contempt for me....all of the Experian, Equifax, Transunion.
Further more the Prosecuting Attorney for Redmond, Washington refused to prosecute when the perp
was finally identified....Unbelievable...how many more are there like me....Now I have awesome credit ..It took 10 years....but the Credit Bureaus will not recognize me for any serious lender worthiness...shame on you...If I close a credit card...immediately my credit score goes down by 2 points....2 cards 4 points. Im not the only one
MSN Money writers need suck up to the credit reporting agencies. Every article on MS Is slanted toward supporting the status quo. MSN is basically a Fox News channel. My experience has been that Transunion and experian are relatively honest and helpful when presented with facts and legal requirements. Experian sucks. Experian reports are half accurate at best. The larger issue is Experian refuses to change reports they are legally required to change, Experian responds with vindictive actions when challenged with legal action. They act arrogantly, as if they are doing you a favor they are actually required to perform. Their employees act like jerks. If Experian was a law firm, they would be disbarred. All credit reporting agencies are basically in collusion with fiancial infrastructure, all of whom drove us into the current economic disaster. Basically, the government says, "It could be worse, you coiuld be living in Greece, Italy or Iceland, so shut up."
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