2. The inaccuracies made by the credit bureau are one of the key reasons a business's
credit rating may deteriorate. For example, a company may have repaid its debt, but
its credit score may suffer if the loan account is not closed in the report.
As a result, it is critical for businesses to monitor their credit reports and look for
inaccuracies. Get metro 2 dispute letters today!
If a company disagrees with any of the information in the report, it can send a credit
dispute letter to the credit reporting bureaus. By submitting a disagreement letter,
the company makes it legally required for the agencies to investigate the reported
material.
They must also amend or remove incorrect information from the credit report within
30 days.
3. What exactly is a credit dispute?
A credit dispute letter comprises all of the
information in the report that a company
believes is wrong, as well as supporting
documentation to back up the allegation. It will
also state how the agency should present the
information in the credit report.
Credit report mistakes that is common
If this is the first time your company is looking
for flaws in a credit report, here are some
frequent mistakes to look out for.