Contact the two major credit bureaus – Trans Union & Equifax – and get copies of your credit reports and credit scores. Carefully read over the reports and note any errors. In writing, contact the credit bureaus and ask that mistakes be removed or investigated.

This is called a dispute letter and once it is received, credit bureaus have to investigate your dispute within thirty days of receiving your letter. It is important to keep a copy of your letter and it is important to note the date the letter was sent. You should not be accusatory or abusive in your letter – calmly and clearly state the problem and request an investigation.

Note that you are aware the agency is required to investigate the claim within thirty days and note that you will follow up. Be sure that you do follow up with the issues you raised in your letter – just because the agency investigates does not always mean that your credit report will end up error-free.

Many credit bureaus now make it possible for you to correct errors on your credit report online – and many have information on their web sites that tells you exactly how disputes must be handled to be effectively removed. It is important that you follow this information exactly so that the inaccuracies on your credit report are removed promptly and your credit score is updated as soon as possible.

This is a very important step to do before you rent to own any house. You want to see your credit report increasing and the errors decreasing. Most credit reports consist some error, so be very careful to read your report. Don’t just leave it alone or it will haunt you down the road.

Learn how to increase your credit score while you are renting to own a house. You can rent to own any house in Ontario, Canada. You only need a low down payment, a stable income & less than perfect credit is okay.

Rent to Own Your Next Home