How to Dispute Information on Your Credit Report

How to Dispute Information on Your Credit Report

Approximate read time 4 minutes

Mistakes on your credit report can have significant implications on your financial health. If you spot an error, it’s important to act quickly. Here’s a step-by-step guide to disputing inaccuracies:

1. Review Your Credit Report: Start by obtaining your credit report from each of the three major credit bureaus—Equifax, Experian, and TransUnion. You can pull your credit report for free every 12 months by visiting AnnualCreditReport.com. Identify any information that appears incorrect or incomplete.
2. Gather Documentation: Collect all supporting documents that validate your dispute. This could include bank statements, payment records, or correspondence with lenders.
3. File a Dispute with the Credit Bureau: You can file a dispute online, by mail, or by phone. When filing, clearly identify the specific item you’re disputing and include copies (not originals) of your supporting documents. Explain why the information is incorrect.
   • Equifax Dispute Site
   • Experian Dispute Site
   • TransUnion Dispute Site
4. Dispute with the Furnisher: In addition to contacting the credit bureau, you can also reach out directly to the creditor or financial institution that provided the incorrect information. They are legally obligated to investigate and correct any errors.
5. Wait for Resolution: The credit bureau typically has 30 days to investigate your dispute. During this time, they will contact the furnisher to verify the accuracy of the information. You will be notified of the outcome, and if the dispute is successful, your credit report will be updated accordingly.
6. Follow-Up: After the dispute is resolved, obtain a fresh copy of your credit report to ensure that the corrections have been made. If your dispute is denied, you can request a statement of the dispute to be added to your report, which will be visible to anyone who views your report in the future.

Why Dispute Errors?

Errors on your credit report can negatively impact your credit score, leading to higher interest rates or being denied credit. Common errors include incorrect personal information, accounts that do not belong to you, and outdated information. Regularly reviewing your credit report and promptly addressing any inaccuracies can protect your financial standing.