Your credit report contains all your personal information including details about your debts and finances. Needless to say, a single error or even the littlest bit of misinformation in your report can cause problems in your dealings with creditors, insurers, employers and landlords.
The Fair Credit Reporting Act was created by the government to protect consumers from unfair credit reporting and debt collection practices. Therefore, if you’ve found errors in your credit report, you have the right to dispute them to the credit reporting agency who issued your report. What are the correct steps to disputing credit report errors? Here is credit report guide for you:
Obtain a copy of your credit report at least twice a year. Doing so will enable you to do the appropriate action immediately in case unauthorized charges or incorrect charges were found to be in your report. To avoid getting rejected, you should always check on your credit report first before applying for a loan, a credit card or insurance.
Claim your free credit report once each year. All consumers are entitled to get a copy of their credit report for free from the three major credit reporting agencies - Equifax, Experian, and TransUnion. Who else are qualified for a free report?
Read on How to Dispute Credit Report Errors
Resources for YOU:
- How to Dispute Credit Report Errors