Comments on: How To Fix A Mistake On Your Credit Report. http://www.mytwodollars.com/2009/07/02/how-to-fix-a-mistake-on-your-credit-report/ A place to discuss money...for the rest of us. Thu, 24 May 2012 23:41:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jeremyhttp://www.mytwodollars.com/2009/07/02/how-to-fix-a-mistake-on-your-credit-report/#comment-33415 Jeremy Thu, 02 Jul 2009 14:03:16 +0000 http://www.mytwodollars.com/?p=2114#comment-33415 One important item to be discussed is that under the <a href="http://www.ftc.gov/os/statutes/fcrajump.shtm" rel="nofollow">The Fair Credit Reporting Act</a> a consumer has the right to add a statement to their credit report. This is a good idea to help explain why you have stopped a payment or maybe you lost your job or are a victim of identity theft. It's more damage control than anything. Once the statement is added to your credit report, the credit bureau is required under a provision in the FCRA to give your consumer statement to anyone who obtains a copy of your credit report in the future. One important item to be discussed is that under the The Fair Credit Reporting Act a consumer has the right to add a statement to their credit report. This is a good idea to help explain why you have stopped a payment or maybe you lost your job or are a victim of identity theft. It’s more damage control than anything.

Once the statement is added to your credit report, the credit bureau is required under a provision in the FCRA to give your consumer statement to anyone who obtains a copy of your credit report in the future.

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