These days, it matters to be a smart credit card score. Focusing on your credit score is just like close monitoring your blood pressure or even your blood sugar level. It is so vital for a person to know the numbers that deal with credit cards more so with the score which is as essential as well especially for frequent card users. Credit card report will be the ultimate guide of those who are always using their cards and according to Bloomberg if there may be inaccuracies on the report given by the card company, you will suffer a lot because it will possess a bad or negative data about you and it can affect your ability to purchase a car, home or even rent for a house. This will also affect your borrowing power in the near future.
According to a data provided by an economist who is currently practicing in Ohio these days is that a person may not have the power to dispute his/her credit score but he/she can dispute some parts of the credit card reports. This goes to say that a person can now make protests and this may be in the form of writing. If there may be times that the information given by the card company is incomplete or unreliable, the owner of the card needs to tell the other side of the story. According to a report, credit card bureau is now checking the attached information if they are true or not. Although, the rules today may be different from that of yesterday, it is still important to know that credit card bureau listens to the statements given by the public and they were able to take time to hear the other side of the story.
According to a data provided by Bloomberg early this year, paying attention to credit report is a must and since it is faster and free of charge, the owner of the account may be able to learn quickly and precise what is actually happening to his/her account and why there is a bulk of charges that must be paid off. You should know that under the federal law, the owner of the account has the right to get or even to request for a credit card report each year and that may be from 3 agencies. If in some cases you found out that there are discrepancies, as a customer, you have the right to dispute any fee that is charged to you. This is according to an economist; under the fair credit act the customer and the credit card issuer have the responsibility to correct any misleading and incorrect information.