Initiating A Credit Report Dispute

Your credit report is one of the most important documents when it comes to your financial position. It is what is considered in any credit-based application, meaning it can affect your ability to get a loan, get employment, or get insurance.

Because it plays such a vitally important role if your financial life, it is a really good idea to get an updated credit report every few months. As well as this, checking your credit report regularly will help you protect yourself against identity theft and fraud. If you see any suspicious activity happening on your credit report, such as unexplained credit card activity or random bank accounts, you will be able to alert the right authorities.

When you get these reports the most important thing to do is to check through all the information on them to ensure it is all correct. In many cases, credit consumers find their credit reports have errors on them which are bringing down their credit scores and therefore making them less appealing to potential lenders.

If you check your credit report on a regular basis then you will have the ability to get any errors that crop up fixed before they become too much of a problem. If you are in the position where you disagree with information on your credit report, you are able to make a credit report dispute to fix the issue.

How to Make a Credit Report Dispute

The way to make a credit report dispute is put your dispute in writing. You should submit any dispute to the credit bureau that provided you the report and the information provider as well. In your statement you should be sure to include your personal details, the information that you are disputing, and the reason you are disputing this information is incorrect.

As well as this, if you have any documents that will support your claims, such as statements or letters you should include these in the statement too. Be sure to submit copies of these only and keep the originals on your records in case anything gets lost in the mail or you are required to produce the originals again.
Once they have reviewed your dispute they will update their records and send you a new credit report if necessary. However if there is no change they will give you an explanation about the information you were disputing.