It is important to realize that not everything on your credit report may be accurate. Mistakes are made frequently and inaccurate information can be hurting your credit score right now. The Fair Credit Reporting Act (FCRA) requires that all credit reporting agencies perform an investigation upon you disputing an item.
So what types of items are most commonly reported wrong?
The most common mistake is misreported information. A payment was reported as late even though it wasn’t. In this case you can provide the canceled check or statements to clear this up. Continue reading ‘Inaccurate Credit Items – Why You Need to Dispute Them’ »