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How to fix credit report errors?To ensure mistakes are corrected as quickly as possible, contact both the credit bureau and company that provided the information to the bureau. Both these parties are responsible for correcting inaccurate or incomplete information on your report under the Fair Credit Reporting Act. Keep in mind that all three of the credit bureaus now accept the filing of disputes online. Find out how to initiate a dispute online here.
How to file a credit dispute? Begin by telling the credit bureau what information you believe is inaccurate. Credit bureaus must investigate the item(s) in question-usually within 30 days-unless they consider your dispute frivolous. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your communication should:
You may also want to enclose a copy of your report with the items in question circled. If mailing a letter, send it by certified mail, return receipt requested, so you can document that the credit bureau did, in fact, receive your correspondence. Also, keep copies of your dispute letter and enclosures. Next, write to the appropriate creditor or other information provider, explaining that you are disputing the information provided to the bureau. Again, include copies of documents that support your position. Many providers specify an address for disputes. If the provider again reports the same information to a bureau, it must include a notice of your dispute. Request that the provider copy you on correspondence they send to the bureau. Expect this process to take between 30 and 90 days.
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Review Your Credit Reports to improve your credit to know what might be working in your favor (or against you). This can be done by pulling a copy of your credit report from each of the three major national credit bureaus: Equifax, Experian, and TransUnion. You can do that for free once a year through the official AnnualCreditReport.com website. Then review each report to see what’s helping or hurting your score. Click on the link to gain access to your free annual credit report.
FREE Credit Report Once you obtain your credit report, there are some items that you should pay attention to determine how your credit is being effected (negatively or positively). Some of the simplest items to focus on that can increase your credit scores are incorrectly reported items. Here is a brief list of items to notate. Common Errors to look for:
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AuthorThe Hennigan Realty Group blogs are a collective of information, experience, and expertise of the Hennigan Realty team. We have kept the information shared within the blogs general to provide foundational information that each person can build from. We are aware that everyone's real estate experience is unique and there is not a one-size fits all when it comes to buying or selling property. If you would like to gather more in-depth and specific requirements for your wants and needs, reach out to us directly.
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