Free Error Correction
Reporting errors from one of the three credit repositories frequently result in low credit scores. With 33% of all credit reports containing one or more errors, SettlementOne realizes how important it is to update your borrower's reports in a timely manner. Often times the errors are easily corrected.
SettlementOne has implemented a turnkey approach to correcting errors on borrower's reports. Simply send your consumer to our website where they enter the tradeline(s) that are reporting incorrectly and SettlementOne will contact the bureaus on your borrower's behalf. Within 30 days the consumer credit record will by updated with the correct information.
Advantages:
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