My name is Rose Jones business women and entrepreneur with a back ground in mortgages.
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Lets get ready to explore E-Oscar,
E-Oscar is a web based compliant automated system that enables Data Furnishers (DF) and the credit reporting agencies (CRAs) to respond to different type's of consumers dispute. The agency was created to alleviate the growing amount of manpower needed to process consumer claims of mistakes on their credit report.
The bureau receives a report and a representative enters it into the system, its turned into a 3 digit dispute code. Now the codes can go from.. 001- Not his/her..002- belongs to another individual with same/similar name ..019 include in the bankruptcy of another person and many more. There are 29 different three digits codes that the representatives can choose from which is not always correct.
Once the system E-Oscar receives the data, a formal credit dispute is created. The information is then sent to the data furnishers via an Automated Consumer Dispute Verification ( ACDV) form who supply the credit bureau with your information.
Sometimes as an addition to the codes that best fit the dispute, there is an explanation included. E-Oscar gets the data, the system creates and records a formal dispute, that information is fed out to the other bureaus. Did you know more than one-third or 34% of Americans have found a least one error on their credit report, so you need to pull your report yearly its free. You may as well sign up for one of the services it does cost to see your report but its available to you when you want. And remember if its free you get what you pay for.
Repairing your credit is not easy and there will be set backs but you must forge ahead, it can take months its not done over night. Look for my next post on which letters to be sent out first.
See me on Facebook at Denied Credit Repair
contact me at firstname.lastname@example.org.