Every once in a while you might see something on your credit report that you don’t recognize. For those who are actively working towards credit repair, it can be especially stressful to have this happen. While it’s alarming and possibly leaves you feeling a little violated, there are steps you can take to dispute it.
Then, of course, you may also want to dispute information on your credit report that is just plain erroneous or incorrect. Here are some examples of things you can dispute on your credit report:
This will depend mostly on the credit bureau, of which there are three major ones: Experian, Equifax, and Transunion. They usually share information, so if you dispute with one bureau you may see changes to your report from another. You should work directly with each one if you see something on your credit report that isn’t accurate. You can also learn more about the disputing process on their individual websites.
Filing a dispute will not change your credit score. The results of a dispute, however, can change your credit report, depending on the nature of the dispute. If you report incorrect spellings of names or addresses, this usually has no impact on your credit.
If you dispute something that changes for the better, it may stay on your credit report indefinitely. If you dispute something and it changes to a negative item, it could stay on your credit report for up to seven years. After that period of time, however, it should fall off of your report. For the most part, people tend to only report things that impact their credit negatively, so there’s a good chance that you may experience a slight increase in your credit score following a successful dispute.
If you disagree with the outcome of your dispute, you can take further action:
If you need more assistance with your credit repair or credit dispute, contact Lexington Law at www.lexingtonlaw.com.
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