How to Dispute Errors on Your Credit Report

Your credit report plays a critical role in determining your financial health. Errors on your report can lower your credit score and affect your ability to secure loans, credit cards, and even employment. If you find mistakes on your credit report, it’s important to dispute them as soon as possible.

Why Credit Report Errors Matter

Even small mistakes on your credit report can have a significant impact on your credit score. Incorrect information could result in:

  • Higher interest rates on loans and credit cards
  • Denials for new credit applications
  • Potential identity theft concerns

Step-by-Step Guide to Disputing Errors

Step 1: Get Your Credit Report

You’re entitled to a free credit report every 12 months from each of the three major credit bureaus:

Review each report for discrepancies.

Step 2: Identify Errors

Common errors include:

  • Incorrect personal information (name, address, Social Security number)
  • Accounts you didn’t open (signs of identity theft)
  • Incorrect account balances
  • Payments marked late when they were paid on time
  • Old debts that should have been removed

Step 3: Gather Supporting Documents

To strengthen your dispute, collect documents that prove the error, such as:

  • Bank statements
  • Payment confirmations
  • Letters from lenders
  • Identity verification documents

Step 4: File a Dispute

You can dispute errors online, by mail, or by phone with each credit bureau:

Tip: If mailing a dispute, send it via certified mail with a return receipt for proof of submission.

Step 5: Follow Up on Your Dispute

The credit bureau has 30 days to investigate your claim. You will receive a response stating whether the dispute was accepted or denied.

What to Do If Your Dispute Is Denied

If the credit bureau refuses to remove the error, you can:

Preventing Future Errors

To avoid future credit report errors, take these steps:

  • Check your credit report at least once a year
  • Monitor your accounts for fraudulent activity
  • Set up alerts with a credit monitoring service

Final Thoughts

Disputing credit report errors is an important step in maintaining good credit. By taking the time to review your report and correct mistakes, you can protect your financial future and improve your credit score.