Monday, February 11, 2008

Your credit rating explained


Each agency will provide more detailed information - including in some cases instant, continuing and online access to your file - for a higher fee.

Correcting any mistakes

You have the right to dispute inaccurate information on your credit file, and to have errors corrected. But you cannot get information removed just because you find it embarrassing.

If there is negative information on your file about people in your family with whom you have no financial connection, you can ask the agencies to "disassociate" you from them.

If you want to dispute the accuracy of something else on your file, first contact the relevant creditor. If the information is wrong, it must update its internal records and notify the credit reference agencies it deals with, usually within 28 days.

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