Having poor credit can feel like a never-ending nightmare. It makes it harder to get approved for loans, mortgages, credit cards – even rentals or jobs. But don’t give up hope just yet! Fincoveris a cutting-edge fintech company, here to slay your credit worries with its powerful dispute services.
Credit360 is a comprehensive credit improvement solution designed by Fincover to help you take control of your financial future and achieve the credit score you deserve.
However, It is important for every individual to periodically access their credit report and identify errors. Unidentified errors left alone for long can seriously impact your credit score and affect your credit chances.
Some of the common issues related to credit report that can have an impact on your credit chances are given below:
Inaccurate Personal Information
Error in name, address, date of birth, employment details, and other personal information
Duplicate Accounts
Sometimes the debt account gets listed more than once in your credit report, making it clear that the customer has more outstanding obligations
Negative Flags – Written off, PO settled, and Suit filed are some of the common negative flags. They can be fixed by making repayments to the bank. However, Post which, the status will be moved to closed. It is very important factor contributing to pulling your credit score down.
Incorrect DPD – This records the number of days an EMI is paid after due date. If the borrower happens to fail to repay even on a single installment, the DPD will remain in your report for three years. Genuine DPDs entered cannot be removed. However, if there is a wrong mention of DPD, we can fix them.
Fraudulent Accounts
For accounts that aren’t yours In cases of identity fraud or mixing of credit files, a consumer’s report may show accounts and debts they never actually opened or incurred themselves.
Closed accounts showing as Open
Sometimes, the closed accounts will be displayed as open such as personal loans. These can hurt your credit prospects in the future badly. For example, a personal loan or a credit card that you have closed long back may still reflect in your account.
Credit Improvement Services
Fincoverunderstands the complexities of outstanding credit and the problems people face because of low credit scores. However, That’s why they’ve assembled a team of experienced credit specialists who would help you navigate the credit landscape easily and achieve your financial goals. Fincover’s credit improvement service encompasses a list of services:
- Credit Report Analysis – Complete analysis of your credit report. Identifying areas for improvement and guiding you towards a healthier credit profile.
- Credit Dispute Process – We challenge the inaccuracies and discrepancies on your credit report with the bureau on your behalf.
- Debt Management and Negotiation – However, We’ve partnered with Freed, who will negotiate with your debtors to come up with a settlement plan
- Credit Utilization Optimization – We help you maximize your credit potential by optimizing your credit utilization
- Identity Protection – However, Safeguard your identity and financial well-being with our robust identity protection measures
“Many people don’t realize that credit report errors are more common than they think,” says Gurumoorthy, Founder of Fincover.com. “Our goal is to remove these errors and ensure your credit report accurately reflects your financial standing, thereby helping you get access to better credit opportunities”.
However, Our company disputes on behalf of you with the bureau, and we try our best to resolve the issue at the quickest time possible” adds Gurumoorthy.
Don’t let credit report errors hold you back any longer. You can contact Fincover today and start your journey towards a brighter financial future.
