By Triumph Property Management

One of the most common things that Las Vegas Renters are interested in doing is fixing errors on their credit reports because many people choose to use the time that they are renting to get their credit reports and finances ready for buying a home.

If you’re interested in buying a home or are serious about fixing errors on your credit report here’s how to easily fix errors on your credit report:

Start Online

The three major credit bureaus have long provided online channels for challenging inaccuracies, but some consumer advocates advised against using that option because the systems didn’t allow for the inclusion of supporting documents.

That is changing, however, because the bureaus now offer consumers the ability to upload documents, like bills you have paid or letters you have written. “Now that you can upload documents, it allows for a more robust dispute online,” said Chi Chi Wu, a lawyer with the National Consumer Law Center.

Errors in credit reports are a problem because they may lower your credit score, the three-digit number that serves as a summary of your credit history. That can possibly result in a higher interest rate on a loan or even denial of credit. A study by the Federal Trade Commission found that about a quarter of consumers had errors in their credit reports.

Consumer credit scores are calculated from data in credit reports, which are provided by the three big credit bureaus: Experian, TransUnion and Equifax. The reports are compiled using information supplied by lenders and credit card companies where you hold accounts.

In addition to the bureau systems, online credit management sites now allow users to obtain free credit reports and dispute errors directly. In testing, some services handled hundreds of thousands of disputes, with the majority resulting in a change to the member’s credit report.

Source – Nytimes.com

We Help Las Vegas Renters

For more information about fixing your credit or for help with finding the perfect Las Vegas Rental Property contact Triumph Property Management today by clicking here or contacting us at (702) 367-2323.