Do you think you see an error on your credit report? Don’t brush it off as your imagination. There are often errors listed on a person’s credit report. Fortunately, you can dispute these errors and work towards correcting your credit score.
The credit reporting agencies provide you with the opportunity to dispute items on your credit report that you believe to be inaccurate. You can submit a dispute online. Most of the credit reporting systems are set up in such a way that you can click “dispute this item.” Then, you simply enter the reason you are disputing that item while providing any supporting information.
You can also dispute items on your credit report through the mail. If you utilize this method, you should send in any documentation that will prove the item or items on your credit report are not accurate. For example, if an account is listed as past due when it is not, send proof of payment to prove your credit account is current.
The credit bureau will contact the creditor asking them to validate the information that has been reported on your credit report. They must provide the credit agency with proof to validate the details in thirty days or less. Otherwise, you can have any negative item that the creditor reported, removed from your credit report. Believe it or not, there are often times when a creditor does not respond to the request for proof within the required timeframe.
Follow up with any disputes you make to ensure that the process has been completed. If the information is accurate, you should be provided with an explanation as proof that the details you have disputed are not inaccurate. If the creditor has provided sufficient information to the credit bureau that the information in question is true, you have only one remaining option. You can request that a statement be added to your credit file which contains the reason you feel the entry to be incorrect.
Check your credit report throughout the year in order to identify any information that should be disputed.
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