When it comes to protecting yourself as a consumer, you’ve got a full-time job that doesn’t cut you much slack. After all, you have to be on your guard at all times in order to ensure that your rights aren’t infringed upon by government bureaucracies, corporations, and other consumer-related agencies.
But did you know that three of the biggest agencies you have to protect yourself from are ones that are actually designed to protect you? That’s right – credit bureaus. The three credit bureaus, TransUnion, Equifax, and Experian are designed to help you protect your credit. However, because these agencies handle the credit information of every U.S. citizen, they’re prone to make some errors from time to time. When they do, it’s up to you to catch the errors and file a dispute.
Why Your Credit Report Is So Important
If you want to buy a house, take out a loan, or obtain a new line of credit, you have to have a decent credit score. However, if your credit score has been tainted by an error on your credit report – even though it’s clearly not your fault – those processes may be delayed (or impossible).
Your credit report is extremely important. Make sure you pull up your credit report as often as possible to ensure that the information on it is correct. You are entitled by the Federal Government to check your credit report at least once a year. There are a number of websites where you can do this.
How Credit Report Errors Occur
So, how do credit report errors appear in the first place? They can come from a number of sources. In some instances, an error may appear on your credit report because of negligence or administrative oversight. In other cases, your information may have been confused with someone else’s. This can happen if you share the same name as a parent or share an address with someone who could appear to be connected to you.
It’s important to remember that each credit bureau operates independently. Just because your credit report with TransUnion contains an error, it doesn’t mean that Experian will have that same error. Nevertheless it only takes one flawed credit report to bring you down.
How to File a Dispute With a Credit Bureau
To file a dispute with a credit bureau, visit the appropriate credit report dispute pages:
Don’t delay. Act now in disputing an error on your credit report!Back To All Consumer Resources