Some of the strongest attacks on the credit rating to focus on consumers? Apparently, the impossibility of changing the credit score to change a denial of a speedy approval to record an appointment or to avoid having to pay higher interest rates, some mortgage loans are Now prices compared to a credit score of the borrower. Since the position is based on information - misinformation in a document Consumer Credit - - more positive negative, especially if this information is derogatory as defined by the model - can lead to a lower score than justified.
But the method is now in place, more correctly remove negative misinformation take weeks more, more, even after the information is corrected by the creditor in its own records, creditors often take weeks to prove, by means of magnetic tapes ,the new and more positive for the credit of deposit (of which there are four: Trans Union, Experian - formerly TRW - more Equifax, which dominates here in North Carolina). But Congress, regulators, consumer pressure is living on this cumbersome, paper-based "corrections" method. Recently, an industry representative told me that the credit bureaus credit - which are local reports compiled by the sale of four huge deposits that have the most direct contact with consumers - are negotiating with the deposits can help consumers make changes more quickly.
Under the proposal, the local verification consumer complaints directly with the creditor if the creditor confirms that the information is actually incorrect, the Office may edit this file called "gross" credit directly with four of the tanks without having to wait for the creditor to verify the complaint,update their files and then send the updated information in the repository. A process that, as I said, can take weeks - time to kill a deal. This is an important development. With the RAW file changed, a new brand, perhaps higher, the result can quickly generate an agreement has saved, in addition to consumer concerns and Congress can address.
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