What do I do if my credit report has an error on it?

If you find an error on your credit report and you recognize the lender, contact them directly and ask for an explanation. For a minor error, they may just ask for an explanation. Some errors are just a communication issue, but don?t count of it. That?s why you need to check your credit report on a regular basis, once a year for sure.

When dealing with a credit report problem, always keep notes, any papers or other communication about the problem. If they don?t deliver as promised, you need to follow up. Once the credit bureau receives adequate information, that meets their reporting standards, they have 30 days to update the information and make the correction. It is your responsibility to make sure it happens. After all it?s your credit rating.

If you and the credit bureau do not come to a resolution of the issue, you are allowed to add an explanation, of up to 100 words, to your credit report file.