Your credit report is one of the most important pieces of information about you. Potential employers, insurance companies, and mortgage companies all review your credit report before making their decision.
If your credit report contains incomplete and out-of-date or incorrect information, it can have a negative effect on your ability to:
- get a job,
- qualify for competitive rates on a car loan,
- get a loan approved, and
- negotiating power.
Credit report errors are more common than you might think. According to research by Credit.com, 1 out of 5 consumers have incorrect information on their credit reports.
By law, you are entitled to have erroneous information removed from your credit report. If creditors don’t remove incorrect information from your report when you submit a dispute, then you are entitled to compensation for the damage done by the incorrect information.
What if you do nothing? Won’t the errors eventually go away? Sure, but it can take up to 10 years for information to fall off your credit report. This is a long time to suffer the consequences of an error in your report.
To clear your credit report of any errors, you must submit a credit report dispute to have the inaccurate information corrected. Consult with an attorney that has experience handling credit report disputes to help you dispute credit report online.
How to Correct Error on Credit Report
You are probably wondering how to correct error on credit report. Although most credit reporting bureaus allow you to submit a dispute online, this is not the best plan of action when it comes to disputing information on your credit report. Here are two reasons why:
- No proof of dispute – If the creditor or the credit reporting agency ignores your request to remove inaccurate information, you’ll need proof that you submitted a dispute if you later want to claim damages due to incorrect credit information. If you file online, there will be proof that you disputed the item or items. The credit reporting agency can say that a dispute was never initiated.
- No proof of date filed – Also, you won’t have proof of the date that you disputed the information. Why is the date important? Experian, Equifax, and similar agencies have 30 days to remove inaccurate information from your credit report. With online disputes, you won’t have any proof of the date that you initiated the dispute. While they might send emails, these are often lost or sent to a junk folder.
The above reasons illustrate why it is essential that you contact an attorney to help you file a dispute to correct credit report errors.
How to Get Something Removed From Your Credit Report
If there is incorrect information on your credit report, agencies such as Equifax, TransUnion, and Experian are required to investigate your claim with your creditors, according to the Fair Credit Reporting Act or FCRA. If they don’t investigate fully or inaccurately report errors are correct, you are entitled to compensation.
However, if you file an online credit dispute directly with the credit bureaus, you could be undermining your rights to challenge your case later if the information is not accurately reported. It is important that you follow the information below to challenge errors.
To correct credit report, you’ll need to send a credit dispute letter to request for the credit reporting agency to verify the information. It is essential to send a dispute letter to each company via certified mail so that you have proof that you mailed it. This will provide the paper trail that you need to ensure that the information is removed.
Since each credit reporting agency is different, you’ll need to send letters to each one separately. Otherwise, you’ll still have incorrect information on the other credit reports. Although you do have the option to send a letter on your own, you can also hire an FCRA attorney to contact the credit bureaus on your behalf.
Didn’t Dispute Credit Report Online But Still No Result? Call an FCRA Attorney
You might have followed every instruction but the credit reporting agencies are not budging. If that’s the case, an FCRA attorney can be the difference you needed.
A credit report attorney has the expertise to ensure that the process of filing a dispute is followed carefully. They can also help you get compensation for errors on your credit report if the problem is not dealt with by the credit agencies according to the law.