Tyler Keith Andrews Texas Tells How Disputing Negative Information Can Improve Your Credit Score
Credit is an essential factor that can affect every part of a person’s life, so it’s imperative that people take control of their credit. Helping others take this control is one reason Tyler Andrews Texas is committed to working with people on their credit to challenge the negative items.
How Can Disputing Negative Items Impact Credit?
Tyler Keith Andrews Texas explains that the act of disputing harmful and inaccurate items on your credit report does not impact your credit itself. In other words, you will not get an increase or decrease in your credit score simply because you challenge items. However, the results of the dispute can impact it.
If Nothing Changes
In some cases, disputed items are proven accurate, so remain on your credit. In this case, nothing happens to your credit – it will stay the same.
If Adjustments Are Made
When negative items are deleted from your credit report, it has the potential to increase your score. The increase is typically in direct correlation to the debt that is deleted.
If You Do Nothing
Choosing to do nothing about negative items can also impact your score – and it may cause the most significant impact yet. Usually, things stay on your credit report for about seven years.
During this time, negative items continue to keep your score down. By taking no action, those items are basically guaranteed to stay on for their entire cycle.
While disputing does not guarantee positive results, Tyler Keith Andrews Texas points out that it certainly provides a better chance of improving your credit score than doing nothing at all.
Items You Can Challenge
You can challenge any negative or incorrect information on your account. Some of the most common items disputed include the following:
- Inaccurate balance details
- An on-time payment that got reported late
- Items remaining on your report after seven years (other than student loans and tax debt)
- Accounts you are not responsible for
- Inaccuracies in personal information
A Note On Personal Information Inaccuracies From Tyler Keith Andrews Texas
Your credit report often contains several addresses you have lived at, as well as different names you might have used to obtain credit. For example, if someone has used both “Samantha Smith” and “Sam Smith” on credit applications.
If you have used these names and addresses yourself, disputing these things will not impact your score. However, you might notice variations of your name that you have never used or addresses you have never lived at connected to accounts you do not recognize. This might be a sign of identity theft.
In this case, you can go through the steps to report the theft and gather relevant information. If you can prove it, you can have the fraudulent activity removed, which can positively impact your score.
Take Control of Your Credit
Don’t let your credit control your life. Team up with Tyler Keith Andrews Texas to challenge derogatory and inaccurate remarks and improve your credit score.