I Have a Dispute On My Credit Report… What Now?
Credit report inaccuracies are surprisingly common. Incorrect information can land in your report through anything from a clerical error to someone having the same name as you, similar name as, or even identity theft. This is not a joke, by the way, millions of families are affected every year! And it pains us when clients find this out too late in the process. When this happens, you have a right to dispute inaccurate info, when your filers label you as “In-Dispute”, your lender knows that whatever they are looking at is not an accurate depiction of your lending history.
That essentially leaves you with two options, accept your errors, which may be acceptable by your lender, depending on the product and its guidelines or delay in applying for a mortgage until the dispute is taken care of. If you decide on the later, you can submit a complaint to the Consumer Financial Protection Bureau and they can submit a complaint to the company on your behalf. You can also seek guidance from an attorney, credit advisor, or a Consumer Advocacy Group. Please let us know if you would like a recommendation or how we can better help you!
Chat with The Hunter Home Loan Team Today!
For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.
Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!