How to Dispute Errors on Your Credit

Disputing errors on your credit can be easier than you thought, it’s simply a matter of knowing what to do. Perhaps you went to buy a home and found out there were more dings on your credit than you thought. You may have asked your lender how to dispute errors on your credit. The lender may have suggested that it would be best to research the process through each of the credit bureaus websites to learn your rights as a consumer. It’s important to understand that when items are reported to the Experian, Equifax, and TransUnion, which contrary to popular belief are actually privately held billion dollar companies, not government agencies, the majority of reported items are not verified. This explains why approximately 80% of all credit reports have errors on them. This is why it is important to learn how to dispute errors on your credit.

Fortunately, you are able to leverage your rights under the Fair Credit Reporting Act(FCRA). These are rights most people don’t even know exist. The Fair Credit Reporting Act is a United States federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information. These rights allow consumers to open an investigation or dispute any item on their credit reports. Take advantage of the FCRA when learning how to dispute errors on your credit. In order to open a dispute, the first step is to write letters disputing the errors on your credit report. You can open a dispute online or by phone. Your dispute letters should be worded correctly so that you get the attention of the credit bureaus. Keep in mind that if you do not get a response from each credit bureau within 30 days from them receiving it, the items are automatically deleted if the credit bureaus did not take time to investigate the dispute.

When discovering how to dispute errors on your credit, remember that you can use the Fair Credit Reporting Act in your favor. Stating this within your dispute letters will give you the quickest response from the credit bureaus. In your letters, include that you are familiar with the section of the Fair Credit Reporting Act of which they are in violation. Keep in mind that you are not limited to disputing only one error at a time. You can be efficient and aggressive by disputing all errors at once. There is a great deal of information online about writing the best possible letters and recommended formats. You can write the letters yourself or you may choose to hire a creditable, proven credit restoration company to assist you in the process. You want to do your due diligence and ensure that the company knows specifically how to dispute errors on your credit.