Whether you realize it or not, your credit report is very important. Anytime you want to get a new credit card, apply for a loan for a home or for education or purchase a car, your credit report is reviewed to determine if you’re a good candidate. Your credit report is also used to determine your credit limit and interest rate, whether you can rent an apartment and in some cases, it can even affect whether or not you are hired for a job. Disputing errors on your report is vital. Here is how to dispute any errors:
The Federal Trade Commission offers helpful advice on how to deal with errors on your credit report.
- First, send a written letter to the three credit reporting companies including TransUnion, Experian and Equifax. It is important you send this dispute as soon as you realize there are errors.
- Include your basic information including your full name, social security number, address and phone number.
- Include the name of the creditor or information provider, account number associated with the incorrect debt, a copy of the pages from the report with highlights on the inaccurate information, a specific statement of what is inaccurate and how it should be corrected and a request that the items be corrected or deleted from your report.
- Also include copies of any documents that support your position. Do not send originals.
- Make copies of your letter for your record.
- Be sure to send your letter by certified mail so you can know that the company received it.
- Your dispute to the credit reporting agencies triggers a duty on their part to notify the creditor of your dispute and to provide the creditor with all relevant information regarding your dispute. Both companies must then complete the entire investigation within 30 days of the date your dispute is received by the credit reporting agencies. When the investigation is completed, the agencies will send you their investigation results along with an updated copy of your credit report including any revisions they may have made.
If a debt collector has been contacting you because of false debt and errors on your credit report, has violated your request that they cease contacting you or is otherwise violating your rights, call The Law Firm of Mitch Luxenburg’s experienced fair debt collection attorneys toll-free at (877) 846-1209 to find out how we can help you or complete our online form for a free FDCPA case review.