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Checking
Your Credit Report
You should make sure the
information in your credit report is correct. Not only is
your credit score based on this information, but lenders
also review this information in making credit decisions.
Review your credit report from each credit reporting agency
at least once a year and especially before making a large
purchase, like a house or car. To request a copy, contact
the credit reporting agencies directly:
If you find an error, the
credit reporting agency must investigate and respond to you
within 30 days. If you are in the process of applying for a
loan, immediately notify your lender of any incorrect
information in your report. Your lender will need to reorder
your credit report and score once any changes have been made
to your information at the credit reporting agency. Small
errors may have little or no effect on your score. If there
are significant errors, however, the lender may disregard
the score.
Note:
that only the credit reporting agencies have the data
from which FICOŽ scores are calculated. Fair, Isaac can't
correct data at the credit reporting agencies.
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