Under the Fair Credit Reporting Act, you have the right to access your credit report and ensure the accuracy of the information provided. Whenever you dispute a record on your credit report, the credit bureaus are required by law to start an investigation of your claim and delete information that is inaccurate or unverifiable.
- Step 1: Get a copy of your credit report. Request your free copy of your reports from AnnualCreditReport.com (www.AnnualCreditReport.com). Request and review one credit report at a time.
- Step 2: Verify the information on your credit report is correct. Check your name, addresses, public records, and inquiries. Then check each tradeline to make sure the information creditors are reporting accurately such as credit establish date, balance, limits and payment history.
- Step 3: Initiate the dispute online. Once you have access to your credit report online begin the dispute process and provide necessary information or documentation regarding your dispute.
- Step 4: Submit the disputes. The credit bureaus have 30 days from receipt of the dispute to provide an answer regarding your inquiry.
The credit bureaus will provide an answer for each of your dispute whether favorable or not. If you disagree with any of the answers you can request a reevaluation by submitting more information that supports your claim.
Get Your Free Credit Report
Request a copy of your credit report through AnnualCreditReport.com. If you find inaccurate information, you have the right to request changes. The credit bureau will contact the lender/creditor and attempt to verify the accuracy of the records.
Be wary of credit experts who promise to remove inaccurate and accurate information from your credit report for a fee. There are federal laws that govern what and how credit repair organizations can do.
Dispute The Information Online Or Through Courier-Mail
Start the dispute process online. Keep a log of the disputes you’re making, the date and time, and any information you are supplying to support your claim.
a. Document each time you communicate (written or verbal) with a lender or collections agent. Note the name of the agent, date, time, and specifics of the conversations you’re having. Maintain copies of these records.
b. Often times your dispute may not result in your favor. Having documents supporting your claim can help you escalate your dispute request. You’re entitled to appeal the credit bureaus decision.
Where Do You File The Dispute Online?
When you get your credit report through AnnualCreditReport.com there are sections of the website dedicated disputing inaccurate credit information.
- Experian – Information and start a dispute investigation click here.
- Equifax – Information and start a dispute investigation click here.
- TransUnion – Information and start a dispute investigation click here.
What Happens When Credit Bureau Suggests You Contact The Creditor Or Lender?
At times the credit bureau will verify the accuracy of the information on your credit report. If you disagree, the credit bureau may direct you to contact the creditor or lender directly. Document your conversations and request information for your records.
It takes time when fixing your credit report and removing inaccuracies. Be patient and communicate with your creditors and the credit bureau. Continue to provide documentation or any additional information that support your claim.