How to Dispute Credit Report Errors: Step-by-Step Guide

Credit report errors are more common than you might think. According to the FTC, one in five Americans has an error on at least one of their credit reports. These errors can cost you money through higher interest rates and even cause you to be denied credit.

Step 1: Get Your Credit Reports

You're entitled to one free credit report from each bureau annually at AnnualCreditReport.com. Get reports from:

• Experian
• Equifax
• TransUnion

Step 2: Review Each Report Carefully

Look for:

• Accounts you don't recognize
• Incorrect payment history
• Wrong personal information
• Duplicate accounts
• Outdated negative information

Step 3: Gather Documentation

Before disputing, collect evidence:

• Payment receipts
• Bank statements
• Correspondence with creditors
• Court documents if applicable

Step 4: File Your Dispute

You can dispute:

• Online - Through each bureau's website
• By Mail - With a written dispute letter
• By Phone - Though this creates no paper trail

Written disputes are recommended as they create documentation.

Step 5: Wait for Investigation

Under the FCRA, credit bureaus must:

• Investigate within 30 days
• Forward your dispute to the creditor
• Review all evidence you provide
• Remove or correct unverified items

Step 6: Review Results

You'll receive results by mail. If the dispute is:

• Successful - Item is removed or corrected
• Unsuccessful - You can add a consumer statement, escalate, or dispute again with more evidence

What If the Dispute Fails?

• Request method of verification
• Dispute directly with the creditor
• File a complaint with the CFPB
• Consider professional help

Your Rights Under the FCRA

The Fair Credit Reporting Act gives you:

• Right to dispute any information
• Right to an investigation within 30 days
• Right to have unverified items removed
• Right to add a statement to your file

Don't let errors on your credit report hold you back. Take action today.