How to Correct Mistakes on Your Credit Report

Errors on your credit report arise for a number of reasons, including computer errors, out-of-date data, and identity theft. These mistakes can lead to a lower credit score, which, in turn can lead to higher interest rates, difficulty getting approval for a loan or mortgage, or even problems getting a job.

Difficulty: Moderate

Instructions

1. Contact all three primary credit reporting agencies: Equifax, Experian, TransUnion. You will need to submit a written request in order to get the errors removed from your credit report.

2. List your full name, address, and date of birth on your request. When you send your dispute letter to correct the problem with your credit report, you will need to make sure that the agency is updating the correct file.

3. Itemize the problems you identified on your credit report. Make a detailed list, including the creditor's name and other information to help the credit bureau identify the party that has made an error.

4. Provide a detailed explanation of why you believe the information on your credit report is incorrect. You will need to list specific actions you have taken in the past to satisfy that account.

5. Supply evidence to back up your claims. Before the credit reporting agency will remove an item from your credit report, you will need to prove that the listing was made in error. You may be asked to supply old statements from that account or canceled checks proving that you paid off your debts in full.

6. Contact an attorney. If the credit reporting agency declines your request to remove an erroneous item from your credit report, consider talking to an attorney regarding your legal options.