From buying a home to sometimes even getting a job, your credit rating plays a large factor. Because your rating is so important, you should regularly check your report to make sure that it is accurate. Don’t worry if you find something wrong with it. It is a easier than you think to get mistakes correct on your credit report. If you think that something is inaccurate or out of date, you should always file a credit report dispute. For most disputes, you can easily file it yourself. If for some reason you run into problems, you can find a good consumer law attorney and they would be able to help you.
How To File A Dispute
The first step you must take is to request an official copy of your credit report from Equifax, Experian, and Transunion. There are many services that you can use to acquire these reports. This should be done routinely once a year to review your report and check for errors.
Once you get your reports from each agency, go through each one separately. Carefully make a list of errors on each report. This is because you will have to file a dispute with each agency separately.
Once you have found all your errors, write a letter to each agency explaining what you are disputing on your credit reports. Try to be as detailed as possible. It helps to include dates, amounts and anything else that may be relevant to your dispute. Don’t forget to include your name and contact information in your letters. After you state your disputes over your reports, make sure to ask each agency to correct or remove the incorrect information.
Along with the letters, send copies of any documents or receipts that may help you prove your case. Always make copies and do not send your original papers with your letter. This way you still have proof if for some reason the letter gets lost.
The Hard Part Is Done
The final step is to send it out. Make sure you send it by certified mail and request a return receipt. Then you will know when each credit agency has received your dispute.
When a credit reporting bureau get a credit dispute, they are required by law to start an investigation. This investigation usually must be conducted within 30 days of receiving your dispute. If they find that the information is inaccurate, they must remove it or correct in on your credit report.