How to Remove Errors on Your Credit Report

Many times credit reports have errors. Credit report errors can result from someone misspelling a name, typing the wrong social security number, or identity theft.

Whose job is it to check your credit report and challenge errors? You guessed it: yours.

Errors on your credit report can hurt your credit score, which often results in the inability to get credit, higher interest rates, and other problems when seeking loans or credit.

So what do you do about it?

Step 1: Check Your Credit Report

To prevent these problems, you can check your credit report. You are entitled to one free copy of your credit report each year from each of the three credit bureaus. You can get your free credit reports here: http://www.annualcreditreport.com.

Step 2: Dispute Errors on Your Credit Report

If you find errors on your credit reports, you need to promptly report them to the credit bureaus. The Federal Trade Commission provides instructions regarding the process you should follow: how to correct your credit report.

Step 3: Wait for the Results

If you properly dispute the errors, the credit bureaus will conduct an investigation and respond to you regarding the results of the investigation. Usually, the investigation takes about a month. If the errors are corrected, the credit bureaus will give you a new copy of your credit report demonstrating that the errors were removed.

Why Remove Errors on Your Credit Report?

Why fix your credit report? Errors on your credit report can hurt your credit score, which often results in the inability to get credit, higher interest rates, and other problems when seeking loans or credit.