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Credit reports often contain errors. The errors on credit reports can happen due to a name being misspelled, a social security number being incorrectly types, or identity theft. If you do not know, it is your responsibility to check your credit report for errors and challenge any that you find. Leaving errors on your credit report can harm your credit score. In turn this can make it hard or impossible for you to get credit, result in higher interest rates, and other issues when you try to get loans or credit. Below are the steps to remove errors from your credit report. Step 1: Check Your Credit Report Avoid having problems with errors by checking your credit report. Once a year you can receive a free credit report from each of the three credit bureaus. Free credit reports can be obtained by going to http://www.annualcreditreport.com. Step 2: Dispute Errors on Your Credit Report If when checking your credit report you discover errors, immediately challenge the errors by reporting them to the credit bureaus. You can find instructions on how to report the errors from the Federal Trade Commission’s how to correct your credit report. Step 3: Wait for the Results When you go about reporting the errors correctly the credit bureaus will begin an investigation and then report back to you with the investigation results. In most cases the bureaus take about a month to complete the investigation. The credit bureaus will issue you a new copy of your credit report if the errors are corrected, so that you can ensure the errors were actually dealt with. Why Remove Errors on Your Credit Report? You may wonder why it is important to fix errors on your credit report? Not dealing with the errors can cause you problems later on by damaging your credit score and making it hard to get credit, cause higher interest rates when you do get credit, and other issues when you look for a loan or credit.
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