Things to do for correcting your credit score range

It is more or less a nightmare for a person to have a bad credit report. All the past precautions and the present anxieties come running at the same time when you glance your scores. As much these scores are harmful for you, there are some ways by which you could elevate them. They are-

• If you find any discrepancies or false information in your reports, you can always raise a dispute to the concerned bureau.
• Wrong account details or other information in the reports- In these cases, one should always reach out to correct them.
• False loan account details and identity theft- There can be cases where you have been reported as a late payer for a loan, the loan which you haven’t even taken in the first place. Always connect with the concerned bureau for the same.

It is really important for the person to report these mistakes, because the bureau themselves will have no knowledge of the same.

Q1. Can an individual raise a dispute in his credit report?

Ans. Yes if a borrower finds any discrepancies in the credit report, he can reach out to the concerned bureau for having it corrected. This would help the individual in raising his/her credit score range.

Q2. Faulty Account Details in the credit report : What causes it and how faq1to correct it? Does it affect the cibil score?

Ans. There are chances that there is a mistake in reporting by the financial institution on the loan account like amount balance, amount overdue etc. There can also be a situation where the individual might have repaid the payment or the loan amount, but still the reports reflect it unpaid. This can hugely decrease the cibil score of the individual. One should reach out to the financial institution to have the account details updated and get corresponding proof for the same. Thereafter, immediately approach the bureau with the proof to get the credit report corrected.

The process of filing a dispute is easier than posting a photo on facebook. You just need to login to your credit bureau’s account and file a dispute online. Normally it would take the bureau a span of 30 days to investigate the matter.

All these information was gathered by me through an online article cibil score range. It is such a great article as it shows the way one should behave and act to improve scores. You guys should absolutely give it a read.

It is more or less a nightmare for a person to have a bad credit report.