A consumer came to InCreditable Advisors when he was denied credit through his credit union and he was told that he had a large number of collection accounts on his credit profile. We obtained the consumers credit reports from all three bureaus and examined them thoroughly and found many inaccuracies. We found that Experian reported 39 inaccuracies, Trans Union reported 11 inaccuracies and Equifax reported 9 inaccuracies on the consumers credit profile. This is obviously mistaken identity between Junior and Senior. In this case; Jr lived at his parents’ home, which made it that much easier to mistake the names and addresses. However, it also shows how differently creditor reports between the three major credit bureaus. In this case Experian had the highest number of inaccuracies.
Disputes were submitted to all three bureaus with the proof of identity of the father and son to show the difference in the two. In this case the employment information was also listed incorrectly along with previous places of residency.
Result:Through an extensive dispute process, a reply was given by Experian that deleted all 39 inaccurate accounts, Trans Union deleted all 11 accounts, and Equifax deleted the 9 inaccurate accounts. Along with updating the employment and previous address information to represent each the father and son correctly both father and son now have accurate credit reports. Resulting in the father being able to get financing through his credit union. Our clients credit score increased over 160 points on all three major credit reports. Unfortunately for Jr. not the same result.
InCreditable Advisors is Indy’s #1 Credit Consulting Company. We are fully licensed, registered, and Bonded as required in every state in which we operate. Our company’s specialization is Credit Repair, Debt Settlement and Credit Education. Our service is empowering and impactful in the ways we assist with all phases of the credit rebuilding processes. Call us today at 317.837.4969 for a FREE initial credit analysis.