 | |  |  |   | | Doris Fitzgerald | | Senior Mortgage Consultant |
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 Examine Each Credit Report For Inaccuracies
Now that you have your credit report, make sure the information is accurate. Check your personal information for inaccuracies. Check each line of credit. You want to make sure the report has accurate information. Now, if you have been late on some payments, been taken to collections, or had a bankruptcy, you can't force a creditor to remove legitimate information from your report. If, however, you find inaccuracies you have the right to have them removed. You will find that each of the reporting agencies have online methods of disputing inaccurate information. When you dispute information the agency must notify the creditor within 30 days. The lender then has 30 days to make an investigation and file an accurate report, so you can see that repairing your credit can take some time. You also have the right to have explanatory comments added to your report. If you were laid off and your payments were late 30 days or more because of that, you have the right to have that noted in your report. You will need to make a written statement to that effect to each reporting agency. Many lenders, especially mortgage lenders, take these comments into account when approving a loan.
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