Errors on a credit report harm credit scores and make it difficult to get loans, credit cards, or even a job. Correct these inaccuracies quickly. Here are some essential dos and don’ts to keep in mind when disputing credit report errors.
Do review your credit report carefully
Before starting the dispute process, review your credit report thoroughly. Check for mistakes such as incorrect personal information, inaccurate account statuses, or unfamiliar accounts. Request copies from major credit reporting agencies. Identifying errors is the first step to resolving them.
Don’t dispute without documentation
Disputing an error without proper documentation weakens your case. Gather all necessary documents that support your claim, such as bank statements, correspondence, or billing records. Without evidence, credit agencies may reject the dispute, and the error will remain unresolved. Provide supporting materials to ensure a successful dispute.
Do contact the credit reporting agency directly
Submit disputes directly to the credit reporting agency. Many agencies offer online portals to submit disputes, but you can also send disputes by mail. Include a detailed explanation of the issue, along with supporting documents. Use certified mail to prove that the dispute was submitted and received.
Don’t ignore follow-ups
After submitting a dispute, keep track of communication and follow up if necessary. Credit reporting agencies have up to 30 days to investigate, but they may need more information. Respond quickly to any requests from the agency to avoid delays.
Do keep a record of all correspondence
Keep copies of all dispute-related communications, including letters, emails, and records of phone calls. If the credit bureau fails to resolve the error, these records will help when escalating the dispute or seeking legal advice.
Correcting errors is crucial to maintaining a healthy credit score. Knowing what actions to take and what mistakes to avoid will help ensure that disputes proceed smoothly and effectively.