How To Dispute Errors In Your Credit Report

Sometimes all you need to do to get a high credit score is to check your credit report for errors and inaccuracies. You know that your report is highly susceptible to errors as they are prepared by human beings like yourself. You know that human beings are prone to making mistakes. If you are wise then you would treat error-checking as important and you are even wiser if you dispute errors that you see. In disputing information, prepare yourself to be aggressive and persistent. Otherwise, you will end most likely end up defeated.

If you have been refused a loan or insurance application due to a low credit score, immediately check your report. Especially so if you know that you have been paying your bills on time and have not been in any financial constraint of late. If you see an error, proceed to dispute that information from the credit bureau who prepared it so they can help you dispute credit score that you have been assigned due to the mistake. Begin by writing a letter to the credit bureau explaining why you are disputing their report and attached supporting documents.

Include in your letter every detail that you think is relevant to correcting the dispute and specify if you want them to correct it or delete it. A similar letter should reach the creditor who reported the erroneous information to the credit bureau. According to studies, 25% of credit reports are inaccurate. Your credit report may always be among that 25% if you do not make a move to have it corrected.

Legally, a Credit Reporting Agency (CRA) or credit bureau will investigate your dispute within 30 days. This is, of course, if they do not find your dispute frivolous or irrelevant. It is a long process to dispute credit score so be patient. If in 30 days, you still have not received a word from the CRA, call their toll-free number to follow-up and request for assistance. Document your conversation with the CRA customer service agent as well as al the actions taken to respond to your dispute.

If you succeed in your dispute, the credit agency will send you a written response and a new copy of your credit report where changes were made. Keep in mind that any information changed on your report cannot be changed by the CRA unless a creditor gives a proof that the information is accurate. If your creditor is able to prove that the information is indeed accurate, a notice from the CRA should be given to you that our report was changed back.