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Personal credit report disputes cannot be submitted through Ask Experian. To dispute information in your personal credit report, simply follow the instructions provided with it. Your personal credit report includes appropriate contact information including a website address, toll-free telephone number and mailing address. To submit a dispute online visit Experian's Dispute Center. If you have a current copy of your personal credit report, simply enter the report number where indicated, and follow the instructions provided.
If you do not have a current personal report, Experian will provide a free copy when you submit the information requested. Additionally, you may obtain a free copy of your report once a week through April at AnnualCreditReport. Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding any legal issues.
Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy. Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities.
All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. Some of the offers on this page may not be available through our website. Offer pros and cons are determined by our editorial team, based on independent research. Foreclosure is a costly process for lenders, so many are willing to consider loan modification as a way to avoid it. Not everyone struggling to make a mortgage payment can qualify for a loan modification.
In general, homeowners must either be delinquent or facing imminent default, meaning they're not delinquent yet, but there's a high probability they will be. Reasons for imminent default include the loss of a job, loss of a spouse, a disability or an illness that has affected your ability to repay your mortgage on the original loan terms. Some lenders and servicers offer their own loan modification programs, and the changes they make to your terms may be either temporary or permanent. The federal government previously offered the Home Affordable Modification Program, but it expired at the end of Now, Fannie Mae and Freddie Mac have a foreclosure-prevention program, called the Flex Modification program , which went into effect Oct.
If your mortgage is owned or guaranteed by either Fannie or Freddie, you may be eligible for this program. HARP has also expired. If you are struggling to make your mortgage payments, contact your lender or servicer immediately and ask about your options. Avoiding phone calls or procrastinating will only make matters worse. The loan modification application process varies from lender to lender; some require proof of hardship, and others require a hardship letter explaining why you need the modification.
Consider working with a HUD-approved housing counselor , who can assist you for free in challenging the decision and help you understand your options. If you negotiate a lower interest rate or reduced repayment, the account might also be reported as " settled " or "paid for less than originally agreed," which also will hurt your credit scores. Before entering into a "loan modification" be certain to carefully review the contract terms and understand how your payment history will be reported.
Anything other than paid on time and in full will have a negative impact. Thanks for asking. The purpose of this question submission tool is to provide general education on credit reporting. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team may include it in a future post and may also share responses in its social media outreach.
If you have a question, others likely have the same question, too. By sharing your questions and our answers, we can help others as well. Personal credit report disputes cannot be submitted through Ask Experian. To dispute information in your personal credit report, simply follow the instructions provided with it. Your personal credit report includes appropriate contact information including a website address, toll-free telephone number and mailing address.
To submit a dispute online visit Experian's Dispute Center. If you have a current copy of your personal credit report, simply enter the report number where indicated, and follow the instructions provided. If you do not have a current personal report, Experian will provide a free copy when you submit the information requested. Additionally, you may obtain a free copy of your report once a week through April at AnnualCreditReport.
Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding any legal issues.
Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing.
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