Free Annual Credit Check. All your Credit Report resources.
Disputing A Credit Report
Credit bureaus record and compile financial information about you from businesses that have extended credit to you.The compiled information forms a credit report.A credit bureau probably has you on file if you have ever applied for credit card or auto loan, even if you were denied.
Any time you submit an application to request credit, a lender will look at your report.They use the report to see how well you’ve paid your previous accounts to help them determine if you are credit worthy and approve your application.It is possible for any inaccurate or incomplete information to cause a denial of credit from the lender.
The Fair Credit Reporting Act gives you the right to dispute any inaccurate or incorrect information.Under this act, it advantageous to you as the consumer, that the reporting business is burdened with either proving the disputed information is true or confirming that it is inaccurate.
It is a good idea to view your own report yearly to ensure that all the information is complete and accurate.If you ever find any discrepancies, then you should write a statement to the bureau that provided you with the report immediately.Your letter should briefly state which information you believe is inaccurate or incomplete.It is suggested that you provide any supporting documentation that you might posses and a copy of the same report that you are disputing.
Upon receipt of your letter of dispute, the bureau will open an investigation.Any information that you included in your dispute letter to the bureau will be forwarded onto the reporting business.The reporting business must then provide evidence that the information on the report is correct, or agree that it is incorrect in less than 30 days.If it is found that the disputed information is incorrect, then the reporting business is also burdened with the responsibility of updating your account information to be correct with the three credit bureaus.
Upon the close of the investigation, the credit bureau is required to provide you with a free updated copy of your report if any information was changed.You also have the right to request that the investigating bureau notify any businesses that have requested your report in the previous six months to be notified of the change.
The best method delivery method to send a dispute is by certified mail to ensure that you are provided with the confirmation of receipt
The address for each credit bureau is provided below for your convenience.
