subject: Credit Error? It Pays To Be On V.i.p. List [print this page] Removing error from credit report is certainly a daunting task. If you are also struggling in the same boat then here is something for you. Usually, two different ways are used to fix the credit report. Read on the article to know more about the error fixing methods.
Every adult in the United States today knows just how important his or her credit rating is, and that it affects many different portions of life. Credit ratings can sway job offers, your ability to get credit cards, your ability to get loans for mortgages and vehicles, your interest rates, and more. Having good credit is difficult in today's world, at least for most people. However, you can take steps to fix your credit by removing errors. Of course, conspiratorial minds believe that there are two different ways of fixing errors on your credit report: the way of the famous and wealthy and the way of everyone else. In this case, it seems as though the conspiracy theorist may very well be right!
The major credit rating agencies, TransUnion, Experian and Equifax, have a list of influential people such as politicians and celebrities that have the errors on their credit report fixed immediately. Most of the people do not even know that they are on any such list, or that the list even exists.
Everyone else is able to have his or her errors removed from their credit report as well. However, it takes longer, and you will not have any workers at the agencies looking out for errors on your report. You will have to contact the agency on your own and alert them of the error in writing. They will then take the time to contact the creditor and investigate the matter. If it is an error, they will remove it, and if the creditor doesn't respond within 30 days, they will remove it. With those on the mythical V.I.P. list, the errors are removed through a very fast, token look at the error.
Two problems can stem from this. Although both methods fix credit errors, people are receiving different types of treatment. This is rarely a good idea. Another problem is that the workers who are removing errors of those influential people are not always doing a thorough investigation into the matter to see if they are actually errors. The credit rating bureaus deny that lists such as these exist, but research into the matter by lawyers and consumer advocate groups are saying otherwise.
No matter how the system works, it's important that you begin taking steps to improve your credit. Contact your creditors and the credit bureaus to start removing those errors and negative items so you can fix your credit now.
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