Fixing Mistakes on Your Credit Report

If you find a mistake in your credit report, it is important for you to take steps toward correcting it immediately. Otherwise, your credit rating can be adversely affected and you may have difficulty acquiring loans and getting a credit card.

The first step you should take if you discover an error on your credit report is to write a letter to the credit reporting agency stating what you have found to be wrong. Legally, the credit reporting agency must contact the company that placed the negative information on your report in order to ask the company to prove that the information is accurate. If the company cannot prove the accuracy of the information, it will be removed immediately.

If the company that placed the information on your credit report offers proof supporting its case, the information will remain on your report. You can, however, write a dispute statement that must be included with your credit report. In this way, future prospective lenders and credit card companies can see your side of the story as well. These statements can go a long way in helping to get a loan or obtaining a credit card with a lower APR. Therefore, it is well worth your time and your effort to fix mistakes on your report and to write a statement pleading your case.

Beware of Phishing
To Pay or Not to Pay: Is it a Good Idea to Pay Your Taxes with Your Credit Card?
The Financial Dominance of the Credit Card Industry
Keeping Your Credit Card Safe
Traveling With Your Credit Card
A Look at Current Bankruptcy Laws
Fixing Mistakes on Your Credit Report
Flying With Credit Card Airline Miles
Get Stylish with Your Credit Card
Keeping Your Credit Report Clear
Modern Day Vending Machines
Using Pre-Paid Credit Cards for College Students
Making Sense of the Prime Rate
Protecting Your Credit Card Account Information
Reasons to Use a Credit Card Instead of Cash
Rising Minimum Payments: Friend or Foe?
Staying Out of Debt While Using a Credit Card
Pay Your Way Out of Debt with Your Tax Refund
Tips for Shopping Online With a Credit Card
Understanding Airline Miles Credit Cards
Understanding Cash Back Credit Cards
Understanding Prepaid Credit Cards
Understanding Rewards Credit Cards
Understanding Student Credit Cards
What to Look for in a Credit Card
What to Watch Out for in Pre-Paid Credit Cards