Good credit is good. Bad credit is bad. You're stuck with it. You can risk paying hundreds to thousands of dollars to remove irrefutable bad credit from your
The High Cost of Bad Credit Original Article - https://www.nytimes.com/2023/06/07/magazine/bad-credit-repair.html Desperate to improve their ratings, Americans. | June 13, 2023
Illustration by Raul Arias
Inaccurate information on your credit reports could hurt your credit score, and errors are not uncommon. Complaints to the Consumer Financial Protection Bureau about the major credit reporting agencies Equifax, Experian and TransUnion skyrocketed in 2020, and the majority concerned incorrect information, according to a report from the U.S. Public Interest Research Group.
Under the Fair Credit Reporting Act, you have a right to dispute information in your credit reports that you believe is inaccurate. Unfortunately, however, you can’t just send a complaint to the CFPB and watch the mistakes magically disappear. You need to take specific steps to get the credit agencies to scrub errors.