How to Fix the Problems on My Credit File

Inaccuracies on your credit report can seriously impact your credit score. Three main credit reporting agencies are responsible for maintaining credit file information, but individual consumers must ensure that the items listed are correct. You can fix problems such as incorrect identifying information or outdated negative items by filing a dispute with each of the three reporting agencies. You'll need copies of your current credit reports. Consumers have access to one free copy of their credit file annually from each reporting agency.

Instructions

1

Order a copy of your current credit file from each of the three reporting agencies. The three reporting agencies are Experian, Equifax and TransUnion. Each company has a website where you can order a free report. You can also visit annualcreditreport.com or call (877) 322-8228 to order all three reports.

2

Review each credit report for problems you can fix. Negative account information that is correct cannot be removed, unless the listing is outdated. Judgments, charge-offs, late payments and collection accounts can stay in your credit file for seven years. Bankruptcies stay for 10 years. Identifying problems such as an incorrect spelling, wrong address or date of birth require supporting documentation to fix the problem. Supporting documents include a birth certificate, driver's license, W-2 form, social security card and utility bill.

3

Highlight or write down the identification/transaction number and the name of the company reporting the inaccuracies in your credit file. This information helps the individual credit bureau identify the problem. Transaction/identifying numbers can be different for each agency.

4

File a dispute with each agency referencing the incorrect information. You can file your dispute online. Each company also allows for mail-in disputes; follow the steps outlined on the agency's website for disputing credit file information in writing.

5

Wait to hear back from the reporting agencies. They have 30 days after receiving your dispute to investigate the dispute. You can follow the progress of your dispute online. After 30 days, problems with your identifying information or account listings will be corrected or removed if the investigation deems it appropriate.