Statistics from the Federal Trade Commission have shown that one-in-five credit reports contain errors.  Furthermore, the majority of these errors had the potential to affect credit scores.

This means that the first step in cleaning up your credit is to correct erroneous information. Your credit report could contain duplicate accounts, outdated information or accounts that don’t belong to you. If you would like to go over your report with us to find these errors, we would be happy to assist you in this regard.

Or, you could go over the information on your own with the information we have provided you. Reviewing the information on your credit report is also one means of protecting yourself from identity theft.

When you find inaccurate information, it should be disputed to the credit reporting company that produced the report you are reviewing. This is your right under the Fair Credit Reporting Act (FCRA).  The Federal Trade Commission gives you a template for writing a dispute. This template can be found at this link:  Click Here.

If you have written documentation to prove your case, it is important to include copies of that document. For example, perhaps you paid off a loan, but it still shows as a balance on your report.

Keeping a good credit record is difficult enough without having to be penalized by bad information. If you need advice regarding following these instructions, do not hesitate to contact us.