[COLOR="Purple"]What if I found more than one error?[/COLOR]
Answer: It's a legal obligation for the credit reference agencies to deal with every query raised. You should challenge each error separately, in writing only. Don't pick up the phone and call the credit bureau. Wait until one item is resolved before challenging another. If you challenge all of the items, the credit bureau. You have to patient when dealing with the credit bureaus. Deal with each item one at a time.
Why is challenging a credit entry effective?
Answer: There are three reasons for this. First, the credit bureaus were too busy during a particular period that they could not re-verify the item you challenged within the time limit, and therefore they removed it. Second, because of human error correct information was inadvertently deleted. Third, after two or three years a closed or inactive file is often stored offsite by your old lenders, and so they cannot access it, and as a result they do not respond to the credit bureau because it is too much work.
How does a lender qualify me for credit?
Answer: Most lenders look at the number of years you have worked at your present job, the kind of work you do (the worst to best being: manual work, clerical, self-employed, managerial, professional), the number and nature of negative entries in your credit report, the amount of credit you currently have, savings and or current accounts with the lender, length of time at your present address, is the telephone in your own name, do you own your home.
