Disputing Your Credit Report

How to Dispute Credit Report Errors

Your credit report is a type of consumer report; it contains information about where you work and live and how you pay your bills. It also may show whether you have been sued, arrested or have filed for bankruptcy. Companies called Consumer Reporting Agencies (CRAs) or Credit Bureaus compile and sell your credit report to businesses. Because businesses use this information to evaluate your applications for credit insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA), it's important that the information in your credit report is complete and accurate. Some financial advisors suggest that you periodically review your credit report for inaccuracies or omissions. This could be especially important if you're considering making a major purchase, such as buying a home. Checking in advance on the accuracy of information in your credit report could speed the credit granting process.

For more information, please visit the Federal Trade Commission Identity Theft Website at http://www.consumer.ftc.gov/features/feature-0014-identity-theft