CREDIT SCORE INFO SERIES-2

ERRORS IN YOUR CREDIT REPORT

RESTORE,ENHANCE & PROTECTYOUR CREDIT HEALTH

• Credit Sudhaar aims to make individuals credit healthy.

• It is run by trained professionals and certified counselors whose expertise lies in restoring, enhancing and protecting your credit health.

• Our research suggests that 50% of people have mistakes on their credit reports.

• In other words, you have a 5 in 10 chance of having an error on your credit report….

• Making matters worse, a bulk of these errors are serious enough to cause you to be turned down for a loan or job opportunity.

Following are some serious errors:

• Duplicate trade lines

• Mistakes in your account information

• Incorrect personal information

• Mistakes in your payment history

• Info that doesn’t belong to you

Serious error no 1:Duplicate trade lines

• Among the most common and dangerous errors that people find when they review their credit reports, are duplicate entries.

• This problem occurs when your account is sold by one bank to another..

• So basically they have same account reported 2-3 times by different companies.

• This is a mistake you should correct ASAP.

• If one of your accounts transfers you from one account to another, your credit report should reflect this change.

• If both banks- Old and New are reporting the account as active, your credit score will react as though you have two collections accounts.

And here’s something even more shocking…..

• This mistake is even more especially detrimental if it has occurred within the past two years.

• You must correct this mistake immediately. Our counselors will guide you through this process.

Serious error no 2:Incorrect Personal Information

• Most of the times these mistakes are innocuous….

• Errors such as wrong address, an erroneous birth date, or incorrect employer are harmless…

• But some mistakes in your personal information can indicate that you are a victim of Identity Theft!!

• Our counsellors will help you to take immediate corrective action if you see someone else’s information or name on your report……

• Any mistakes in your personal information could be warning signs that you are a victim of Identity fraud or that your report has been merged with somebody Else’s.

Serious error no 3:Mistake in your Account

Information

• These mistakes include erroneously limits for your credit cards.

Serious error no 4:Mistakes in your payment history

• If your credit report shows a mistake in your payment history- such as late payments you don’t remember making-These have to be immediately corrected.

Serious error no 5:Information that doesn’t belong

to you

• You should be VERY concerned if you see accounts that aren’t yours, especially if they happen to strange PAN no’s…

• These mistakes can be red flags of identity theft and should be cleared ASAP.

• You are a victim of Identity theft, you need to gather as much information as soon as possible, alert the credit bureaus and inform your credit counsellors immediately.

• Remember : Don’t waste your valuable time trying to correct every single mistake on your credit report.

• When correcting mistakes : First correct errors that happened in the past 2 years and then correct mistakes that happened 2-4 years ago.

• Then if you have time, correct mistakes which happened 4-7 years ago.

• Remember : Your credit score is a reflection of how credit worthy you are and having an accurate and good score is perhaps the best things you can do to protect your cash, your family, and your future.

HOW TO BE CREDIT HEALTHY?

• Use credit wisely

• Monitor you credit. It’s important

• Credit healthy= Long Term Planning. Plan in advance!

• Address credit issues on priority with professional help.

CREDIT SUDHAAR

Restore, Enhance and Protect you credit health with customized health packages from Credit Sudhaar.

Visit www.creditsudhaar.com ORCall 022 6179 7000 ORSMS CS to 56263456

Wish you a credit healthy life!