An error on your credit report can be a pain to fix. It is difficult to know where to start and who to turn to for help, particularly after noticing inaccuracies for the first time. Fortunately, no matter how big or small an inaccuracy might seem, you still have the opportunity to fix it and improve your credit score.
Why Should You Review Your Credit Reports?
Keeping track of your credit is essential because inaccuracies can cost you money. So not only do you want to ensure that everything is up-to-date and accurate, but you also want to ensure that your information has not been confused with someone else's. That way, you can avoid costly mistakes like being denied a loan or having an unexpected drop in your credit score.
Common Errors in Credit Reports
Nobody is perfect, and that includes credit reporting bureaus. The most common errors you can find on your credit report include the following:
- Incorrect personal information: This occurs when an account bears the wrong name, address, or date of birth.
- Incorrect account information: This is when a credit report reports inaccurate payment history or balance amounts.
- Duplicate accounts: This includes accounts that have been duplicated because a lender reported them twice.
- Wrong account status: This occurs when an account has been paid off or closed but still appears as open or unpaid.
Disputing Errors in Your Credit Report
Disputing errors on your credit report doesn't have to be intimidating. If you want to dispute an error on your credit report, you should do the following as quickly as possible.
- Contact the credit reference bureau: You can start by contacting the credit reference bureau to request a copy of the information your information provider has supplied. This will help you understand why the decision has been made and help you decide what to do next.
- Contact the information provider: You can also contact the information provider directly and inquire about the errors. They may be able to provide additional evidence or clarify any misunderstandings.
- Document everything: Document everything that goes on between you and anyone discussing your credit report. If the dispute ends up being questioned by any other parties involved in the investigation, you'll have something to fall back on.
- Seek legal counsel: If you are still not seeing any resolution, it may be time to seek legal counsel. Hiring an attorney can help you get the assistance you need to file complaints and take legal action as required.
Get Help From Our New York Credit Attorneys
Nobody wants to deal with inaccuracies on their credit report, but it happens. If you notice inaccuracies in your credit report, contact the New York credit attorneys at Mizrahi Kroub for help. We know the ins and outs of New York credit law and can provide legal assistance to ensure your rights are respected, and your credit record is fixed quickly and efficiently. Reach out to us to discover more about how we can help
