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Get inaccurate, incomplete, or unverifiable information removed from your credit report with a credit sweep. 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. But there is a way credit reporting agencies get around this requirement. Use a credit sweep to protect yourself against credit agencies.
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Get inaccurate, incomplete, or unverifiable information removed from your credit report with a credit sweep. 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. But there is a way credit reporting agencies get around this requirement. Use a credit sweep to protect yourself against credit agencies.
The Fair Credit Reporting Act Let’s start at the beginning. The Fair Credit Reporting Act promotes the accuracy and fairness in credit reporting. Consumers have a right to know what is in their credit report and to challenge information that is inaccurate, incomplete or unverifiable. This includes items like underreported credit limits, duplicate accounts, accounts that have been paid in full or bad debt older than seven years.
Consumer reporting agencies are required to investigate and correct or delete inaccurate, incomplete, or unverifiable information. However, a consumer reporting agency may continue to report information it has verified as accurate. And this is the problem because credit reporting agencies do the bare minimum to protect consumers.
Verifying Information Each Credit reporting agency has its own process for handling credit report disputes. However, they all use a similar system for verification. The three bureaus established the system of investigation and verification through their trade organization. They automated the entire investigation and verification process using an online computer program, called e-Oscar. The credit bureaus and information furnishers -for example; banks and collection agencies - who report an account to the credit bureaus, use this system to investigate disputes.
It basically checks computer data bases to see if the information on the credit report matches the information furnished. There is no examination of the information. There is no conversation between people. But, once the information has been matched to another source (“verified”), and then credit agencies are allowed to keep reporting it.
A Credit Sweep as Protection This is why manual credit repair is part of our credit sweep. Manual credit repair is the use of hand-written letters in a style that is difficult for ORC Scanners to identify and therefore be read by a computer. This causes the disputes to be reviewed by a person instead of an automated system. This improves the chance for a thorough investigation and the removal of inaccurate, incomplete, or unverified information from credit reports.
Don’t Be at the Mercy of Credit Agencies A credit sweep is the best way to protect your interests. Credit agencies investigate disputed information because it is a requirement. But satisfying the law does not mean protecting your rights. This can only happen when proper investigations are conducted. A credit sweep is the best way to ensure disputes are handled properly and protect your legal right to have inaccurate, incomplete and unverified information removed from your credit reports.
