How to Correct Your Credit Report Errors

By Chaz | Feb 8, 2009

Checking your credit report at least yearly is crucial. What do you do if you find an error on your report? Do not fret; the error can and will be corrected if the consumer reporting companies have made the error.

So, what steps should you take to correct errors made on your credit report?

First you should tell the consumer reporting companies in writing about what information you think is inaccurate. Make sure you include your name, social security number, home address and date of birth whenever you send correspondence. And, include a copy of your driver’s license as it could help in case of identity theft.

The letter that you send to the credit agency should include the company name and account number in question. Make sure you specify what the dispute is. Do your research and gather any documentation that could help in your claim. You need to include copies of documents as evidence to back up your claim.

Send the letter certified mail and return receipt requested. This way you will have proof that your letter was received. This receipt from sending the letter certified mail will also be evidence of the 30 days they have to respond to your claim. The companies will then investigate the errors you pointed out to them. When the companies are done investigating your problem they have to give you a report of their findings in writing. If you have not heard back in 30 days then you can write them a letter stating that they need to complete the updating of your credit report that you requested.

The second step is to inform the creditor in writing that you are disputing an item. Include copies of your evidence backing up your claim. Most providers have a specific address to send disputes. Attach copies of the information you sent to the consumer reporting companies.

You may receive computer calls from the consumer reporting companies during this process. They are just trying to get you to give up on your request.

If the consumer reporting companies will not remove the disputed items, ask for the name, address and phone number of the creditor who reported the negative information. Start back at the beginning and start a second investigation, if necessary.

Don’t be afraid to correct the error or errors you find on your credit report. Your credit history is vital for you to obtain loans and get good car insurance premiums. Be proactive and check yours yearly.