Should you Always Dispute Mistakes on Your Credit Report?

When it comes to your credit, you might think it’s fine and not pay it too much attention until you need to apply for a loan or buy a car. Then your credit score will become very important to you. You have access to get a free copy of your credit report from all three bureaus once and year and you should use that opportunity to make sure it’s correct. If there are any mistakes on your credit report, then you should dispute them because they are effecting your score.


There are also free credit card monitoring websites out there you can use to check in on things from time to time. You want to make sure you are getting the most accurate report so that your score is the best it can be. Don’t just think this kind of inconsistency is going to go away. If it’s on your credit, then it will continue to be there until something is done about it.


When your credit is lower than you think it should be then you should look at your credit report for mistakes. These inaccurate things on your credit report can be the reason your score looks so low. You might wonder if you should dispute the wrong information on your credit report, and you definitely should. It’s worth getting the things that are wrong off of your record and raising the score for a number of reasons.


Monitoring your Score


It’s important to monitor your credit score and make sure everything on it is accurate. If there is something on any of your three credit reports with Equifax, TransUnion, and Experian then you need to contact each of them or the one with incorrect information and start working on changing it. This can be saying you paid something late or took out an account you didn’t.


This type of monitoring will also allow you to see if anyone has stolen your identity or is using your information to make any type of purchases. If someone has your information and you catch it in time you can prevent devastating financial problems and make sure you are only seeing expenses, you have personally made. If you are monitoring your credit regularly then the people trying to pretend to be you don’t stand a chance.


How do You Dispute Incorrect Charges?


When you are ready to dispute unfair charges then you should contact both the credit bureau the charge is on and the company that has the incorrect charges. This way you are directly in contact with the issue. The best way to dispute a charge is by writing it down. If you find a problem, then you need to write a letter. There is a form you can use to dispute the charges on the credit bureau’s website, but that is not the most reliable way to get things done. Make sure you hold on to all complaint information and any letters are copied so you have evidence in case you have to continue to dispute after the initial contact. This will give you a better chance of getting the incorrect charge taken off your credit.



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