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How to Correct Credit Report Errors

Credit Report Errors

So you’re checking your credit score; that’s great. It’s the best way to prevent identity fraud and to make sure the report that potential creditors are seeing represents you correctly. It’s also a great way to get a hold of your finances if you’ve been operating in the dark up until now. But what do you do if you find errors?

The first step is to contact the credit reporting agency. There are two main agencies:

Equifax
Experian

Send them in writing a letter that outlines what is incorrect, any information you have on the error and the account, and a copy of your credit report. You must also ask them to make the corrections. Send your letter by recorded delivery, “return receipt requested.” This enables you to track the letter and document any communications. Keep copies of everything related to this process. (more…)