Information included in your credit report comes directly from creditors and lenders and data is occasionally reported inaccurately. The good news is that that you have a right to file a dispute and get the information corrected if it’s found to be erroneous.
Here we clue you in what to look for and how to start the dispute process should you suspect something is listed incorrectly in your credit report:
Personal InformationCredit reporting agencies track the credit activity of millions of consumers across the nation. Sometimes, multiple consumers have the same or similar names, especially in the case of family members. Carefully review how your contact information, addresses and other personal information are listed in your credit report.
If there are inaccuracies, you can contact the credit bureau to start the dispute process. While it’s not required, it’s best to be organized and have any paperwork that can validate your information handy to share with the credit bureaus to help ease the process.
Financial AccountsWhile some common mistakes are because of a minimal mix-up, you will want to inspect for signs of identity theft as well. If you have accounts listed that don’t belong to you or inquiries you have not authorized, these are signs that your name and credit might have been compromised. In these situations, you might want to investigate the suspicious activity further.
Members of freecreditreport.com have access to fraud resolution agents to assist you should you feel that you may have had your identity compromised. This way, you’re not the only one on the case! Remember, while finding something that seems off isn’t very common, it’s important to check your credit report regularly and ensure all information is accurate and up to date.
This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.
Published by permission from ConsumerInfo.com, Inc. © 2013 ConsumerInfo.com, Inc. All rights reserved.