What Is Credit Technologies?
Credit Technologies is a credit reporting and scoring agency, with a focus on home mortgage lending. Credit Technologies aims to create easy-to-read credit reports that can help people learn how to raise their scores to get a home loan more easily
One of their premier services is Mortgage Preflight® where they provide a copy of your three FICO scores. This report shows you what items could be improved to boost your credit score prior to applying for mortgages. They also offer:
- RMCRs
- Business credit reports
- Non-traditional credit reports.
Credit Technologies serves both consumers looking to take out a home loan, lenders, and realtors.
Since realtors and lenders can use Credit Technologies to qualify or disqualify you for loans, it’s important that Credit Technologies’ provided reports are correct. If their reports are incorrect, you could end up in a situation where you are denied a mortgage based on false credit items on your report.
How Does Credit Technologies work?
Credit Technologies uses a tri-merge credit score, using data from Equifax, Transunion, and Experian to look at your overall score. Unlike requesting a credit report from a bureau directly, when you get a report from Credit Technologies, you get your score from the three major credit bureaus as well as insights provided by Credit Technologies to increase your score.
Credit Technologies offers report features that credit bureaus do not. Such as their tracking and enhancement program called CrediTrack® and Score Express.
However, because Credit Technologies does analyze your credit across all bureaus, it’s important you are verifying and checking for any errors that come back in the report.
How To Dispute With Credit Technologies?
Under the Fair Credit Reporting Act (FCRA), credit agencies must give you a platform to dispute any errors. If you find an error on your Credit Technologies credit report, it’s important to dispute it as soon as possible.
There are three ways you can dispute an error:
- By mail,
- By phone, or
- Online.
Dispute by Mail
Write a letter that clearly states:
- Your name,
- Current address,
- Social security number,
- Name of the company that reported the inaccurate information to Credit Technologies,
- Account number of the item being disputed, and
- Your reason for filing the dispute.
Send along a copy of your credit report and any other supporting documentation. Make sure to keep the originals for your records.
Send the dispute letter and supporting documents via certified mail to:
Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281
Once Credit Technologies receives your dispute, they have 30 days to:
- Investigate the claim,
- Issue a statement, and
- Correct any errors.
Dispute By Phone
You can also dispute by phone. To dispute an error on your Credit Technologies report by phone give them a call at 1-877-322-8228.
Be sure to have your credit report ready as well as all supporting information.
Dispute Online
You can file a dispute online by doing the following:
- Go to AnnualCreditReport.com.
- Click the “What To Look For” button in the top bar.
- Then, click on “Filing a dispute” on the left sidebar.
Final Steps
After 30 days from filing your report, you should have an answer to the dispute and any errors found should be resolved. If the creditor in question refuses or is unable to answer the dispute, all items in question will be automatically removed.
Remember that while the dispute is ongoing, the item(s) in question will be temporarily frozen, and not counted toward your overall score until the dispute is settled. This can cause a temporary jump in credit.
However, sometimes credit reporting agencies do not follow the rules set out by the Fair Credit Reporting Act (FCRA). If you are having a difficult time getting errors removed from your report, it’s time to seek legal counsel.
