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Credit Report Advice: How to Deal with Discrepancies

By Andy Snyder
Published: Sunday, September 20th, 2009

If you have already seen your credit report, even at least once before, you will already know that credit reports are not the most accurate and perfect documents in the world. Usually, most of them are even full of errors that can give you quite a headache.

Especially since not every company you transact with are efficiently reporting all of your information to all of the three credit bureaus, you can be sure that there will be a lot of discrepancies on your report that only taking a sound credit report advice could fix. You will especially notice this when you’ve decided to only request a free credit report copy from one of the three credit bureaus. Surely, not all of your information will match, so you would need to clear this up.

However, what you must know, though, is that, there are two kinds of errors a credit report can have. The first one may be attributed to your shortcomings, involving papers you did not properly fill, and payments you really didn’t pay. The other type is completely out of your control, like unreported payments, accounts that are put into your name by mistake, and an old balance that still exists even if you have already paid for it.

So, to fix all of these and triumphantly dispute the error, you would need to follow a couple of credit report advice to clear your name and history and even raise your score a bit. The first thing you should do is to file a complaint on the credit bureau. This complaint should be done in writing and backed up by documents that can prove their error and clear your name from the debts and mistakes.

There are a couple of things that can help you in collecting the supporting documents so you can effectively dispute the errors on your credit report. These tips are also usually used as general credit report advice, because by following the list properly, you can easily avoid further damages of mistakes made by different credit bureaus.

The very first thing you should do, and the very best credit report advice that you can ever get, is to make a record of every transaction and communication you make regarding the subject. Keep a copy of every email, letter, receipt, check, billing statement, and even phone conversation recording that will prove that you already made appropriate actions against the error.

Another wise credit advice to fix errors like these is by going directly to the source. By scanning your credit report thoroughly, you will be able to find which company made the mistake. Present your documents to the company so they can properly report your information to the credit bureau.

And lastly, another important credit report advice you should keep in mind is to be wary of identity theft. Some information may have popped into your account because someone is using your name, so always be on the lookout for the signs of identity theft. If you find something fishy on your report, go seek legal advice right away.

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