Free Annual Credit Report Gov

The Federal Trade Commission report discovered that 25% of Americans have significant errors on their credit report. Unfortunately, not everyone realizes that they might be at risk of having errors on their credit report. Although errors provided by free annual credit report gov agencies are not really uncommon, but what is important is how you will dispute erroneous information on your credit report. Learning how to make dispute on the errors found in your credit reporting report is rather easy. Below are the steps on how to dispute errors on your credit report.

Know How To Spot Error

An error on the credit report is any information that should not be in there in the first place. These errors may be incorrectly reported or is not really yours. Below are the types of common errors found on provided free annual credit report gov documents.

  • Account related errors: Account-related errors include late payments that are more than seven years old, having a credit account that does not belong to you or a closed account t but not listed by the provider.
  • Derogatory mark errors: This include paid-off collections that are showed as unpaid,  a paid tax  lien that is more than seven years passed or an account that was discharged in bankruptcy, but is still being showed as active.
  • Personal information: Errors on your personal information such as a wrong name, an incorrect address or employer information can also produce errors on your credit report.

Review Credit Reports

Once you get your free credit report from free annual credit report gov approved agencies, you need to review it. Make sure you get three credit reports in order to compare them.

When you find errors, what you need to do next is to contact directly the creditor that sent the incorrect report to the credit bureau. Once you already made the dispute, make sure that you follow up with it. What you can do is to request a report from the free annual credit report gov approved agencies.  If you don’t dispute errors on your credit report, you might be denied of credit or a job that you are applying for because the derogatory marks on your report will affect your reputation.