We here at Credit Dr. have a tendency to look into the details. When our clients upload their responses from the bureaus, we actually read them. The reason for this is, each response makes us a bit better and gives us a more complete understanding of what is going on at those faceless entities known as ‘credit reporting agencies’.
To that end, we uncover a great deal of inconsistencies, which compels us to ask more questions on behalf of our clients. This then typically results in completion of our client’s goals.
Case in point: One of our clients came to us because the underwriter could not qualify a mortgage due to the fact that an account was showing open with a balance. This was effecting his debt to income ratio. It was CLEARLY REPORTING INCORRECTLY:
Our client returns about 40 days later with a response from Experian. Lo and Behold, Experian’s response explains to our client that the account is in fact reporting accurately:
So, we sent a letter back to them, with this response and our explanation. We also reminded them that there would be repercussions should be ignore our request again.
Our client then received this response: