How to Dispute a Credit Report

Knowing your credit score and keeping track of your credit reports will give you the ability to invest in what you want. By having a high credit score, lenders and credit card companies will be more likely to work with you. Credit reports often will show any problems with fraud concerning someone using your name for their own benefit. Simple errors may also occur and affect your report. If this occurs, there are several things to do in order to dispute a credit report and keep your records clean.

1. Obtain your credit report. You can find your report by either calling or e-mailing in your request. Equifax, Experian and TransUnion all have information on your credit that you can request for free once a year. If you need a report more often than once a year, it will cost $10.

2. Find any errors in the report. Make sure you identify why you believe they are errors.

3. Write the company where you received your report from. Identify the inaccurate information and tell them the problem, pointing out the inaccuracies on the report. You will need to send a copy of the report as well as your personal information.

4. Dont forget what to request. Beyond letting the company know about the problems, you need to include in your letter that you wish for the information to be removed from the report. If you dont request this in writing, the company will be unable to take it off of their documents.

5. Keep copies of the request. This is important to keep for future reference. It is also important in case the company does not receive your dispute. Before mailing off the dispute, make sure you have a back up copy available for your use.

6. Request a receipt. When you mail your request, copied report or other documents, request a receipt to let you know that the company received your information. All post offices should offer you a return receipt requested, which allows you to keep a document of when the company received the mail.

7. Investigation. Usually, companies will take a maximum of thirty days to read your dispute and investigate the information that is involved. They will then communicate with you about the results that have been found from this investigation.

8. Receive a written notice from your dispute. The company is required to send you their conclusions about your dispute. This is a free copy and is not part of your annual credit report. The company should also direct you to the business or loan company that provided the information before the dispute.

9. Send copies. The credit company that you are working with is required to send corrections of your report to any creditors who were informed of any bad credit within the past six months. You can also ask for this dispute to be put into your file and in future credit reports.

10. Contact the information provider. Usually, a creditor or information provider for a loan or for credit has been notified of the false information on your credit report. Once you have received the information that the credit report is not accurate, you can send this information to the necessary companies in order to move your credit rating back up or to receive the loan that you need. Make sure that you have the dispute and proper documentation for their reference.

If you are having problems with your credit and know that the information is false, then you can easily file a dispute and clear it quickly. By keeping your credit score high and your files clear, you will have the ability to get the loans you want and the credit you need. Taking these ten easy steps will help in removing false credit from your file.