USA Finance

May 28 2017

How to Fix Errors in your Credit Report #disney #credit #card

#how to fix your credit

How to Fix Errors in your Credit Report

By Justin Pritchard. Banking/Loans Expert

Justin Pritchard helps consumers navigate the world of banking.

Two Approaches

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  1. Fix the problem at its source: the creditor that reported the error

Let s start with #1: correcting the information at credit reporting agencies.

  • Who are you dealing with? See How Credit Reporting Agencies Work
  • What Information do Credit Reporting Companies Store?

First, you need to know what’s wrong. If you haven’t seen a recent copy of your credit report, get a free government credit report and find out exactly what it says.

Next, gather evidence that proves that the credit agency needs to make changes.

You’ll want to make copies of related documents – you may have to repeat these steps several times, and you don’t want to give away the originals.

Send a letter with all the documentation and instructions on how they should fix your credit report. Include the following:

  • Your full name, address, date of birth, and Social Security Number
  • Any previous names or addresses used during the disputed period
  • The creditor’s name and details of the account in question (account number, when opened, etc)
  • Specific instructions on what is wrong, and how you d like them to update your credit report

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  • Notes and references to enclosed documents

Send the letter via registered mail. The credit reporting agency must investigate legitimate claims to fix your credit report within 30 days, and they will inform you of the results after that. The FTC has a nice sample letter on their site.

As a safeguard, it’s also a good practice to fix your credit report errors with the creditor that reported them. Send the same information you sent to the credit reporting agency. After a few weeks, call and ask what action they ve taken. Fixing the problem at the source will ensure that you don’t have the same problem in the future.

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