August 26, 2013
3 Ways to Fix Errors on Your Credit Report
Learn how to identify and address errors on your credit report.
More and more people are getting the message that it's important to review their credit reports to look for errors and possible fraud. But once found, it's not always easy to remove mistakes from your credit report.
If you spot and error on your report, first file a dispute with a credit bureau whose report shows the error, usually Equifax, Experian or TransUnion.
If you're dissatisfied with the resolution, file a complaint with the Federal government's Consumer Financial Protection Bureau, which will intervene on your behalf. Companies must respond to them within 15 days and outline what steps they'll take to resolve the issue.
Bottom line: Unresolved credit report errors can severely damage your ability to get loans, so monitor your reports regularly and don't be afraid to seek resolution.
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