Archive for the ‘Legal Issues’ Category
Legal disputes and negative points in regards to credit
January 19th, 2009
In case of any point going into a legal dispute, you can contest the claim on those negative points, which you do not agree on and the onus is on the credit bureau to prove the basis on which they have awarded you negative points.
In case you win, the credit bureau will have to omit those negative points from your credit report. However, you need to maintain all your records in a proper manner so that you can furnish all the required details immediately.
You can also approach debt-counseling services, but in case you do not complete the complete program, it can add a negative point against your name and add to your woes. You are entitled by law to receive a credit report from all the 3 credit bureaus free of charge once a year. You should study them in detail so as to catch hold of any errors in that report and you can also find out whether anyone is misusing your credit card.
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