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dispute mistakes on your credit reports

By
Mortgage and Lending

It can be time-consuming to dispute mistakes on your credit reports and eliminate inaccuracies, but it's worth doing. Start by ordering a copy of your credit report to review from one of the three credit bureaus.

Although most national lending institutions report consumer credit information to all three credit bureaus, smaller banks and other credit grantors may report only to one or even none. Therefore, your credit report may vary from one credit bureau to another. If you've occasionally applied for credit from smaller creditors, check your report from all three credit reporting agencies-TransUnion, Experian and Equifax.

Look very carefully. Circle anything that seems wrong, but keep in mind that balances may be off by a few payments because recent payments may not have been recorded at the time you ordered the report. Make copies for your files and for anyone who may need proof of the errors

It can be time-consuming to dispute mistakes on your credit reports and eliminate inaccuracies, but it's worth doing. Start by ordering a copy of your credit report to review from one of the three credit bureaus.

Although most national lending institutions report consumer credit information to all three credit bureaus, smaller banks and other credit grantors may report only to one or even none. Therefore, your credit report may vary from one credit bureau to another. If you've occasionally applied for credit from smaller creditors, check your report from all three credit reporting agencies-TransUnion, Experian and Equifax.

Look very carefully. Circle anything that seems wrong, but keep in mind that balances may be off by a few payments because recent payments may not have been recorded at the time you ordered the report. Make copies for your files and for anyone who may need proof of the errors.