Obtaining a credit report can help you understand what financial information others can see while also giving you an overview of your general financial health. While credit reports include where you’ve lived, how many loans you have, and how often you pay your bills, they don’t always get it right.
Lenders can report an account past due, for example, when in reality, it’s 100% up-to-date. Checking your credit score often and accessing your full credit report can help you identify these mistakes. But what do you do when you find an error?
Here’s how to dispute credit report information with each of the three major credit reporting agencies: TransUnion, Equifax, and Experian.
Can You Dispute Information on Your Credit Report?
Yes! Even the FTC suggests disputing errors that you find on your credit report. First, however, you’ll have to access your full credit report. You’re eligible to receive one free credit report each year from each of the three credit reporting companies.
However, credit reporting apps will also provide you with in-depth information regarding your credit score, such as the number of accounts you have open, your payment history, and how this affects your credit score.
For a comprehensive overview of your credit score between the annual reports, we suggest using Float to help you make sense of where you are re in terms of credit health and how you can improve. If there are significant issues such as a delinquent account or a high loan amount, you’ll see that on Float.
How to File a Dispute Letter for Credit Reporting Errors
If you’ve accessed your free annual credit report from TransUnion and see an error, it’s important to contact them about the issue immediately. The FTC suggests contacting TransUnion in writing concerning the error and provides a sample dispute letter for reporting errors on your credit report.
In this letter, it’s essential to:
- Be as specific as possible
- Provide documents that show proof of why their reporting is wrong
- Ask that it be removed from your credit report
When you send the letter to the credit reporting company, request a return receipt as you might need this for future proceedings later down the line. The company must investigate the dispute and should give you an answer within 30 days.
How to File a TransUnion Dispute
If you’ve noticed an error on your TransUnion credit report, you can file a TransUnion dispute via the letter method detailed above, or you can contact their customer service at:
- (800) 916-8800
You can also access the TransUnion dispute center here. Before filing a dispute, you will have the option to complete other actions. This includes updating your personal information, requesting a credit freeze, or learning more about why your credit score dropped.
How to File an Equifax Dispute
If you’ve noticed an error on your Equifax credit report, you can file an Equifax dispute. Simply use the letter method detailed above or visit the Equifax dispute center.
Similar to the TransUnion dispute, using the Equifax dispute center gives you access to other tools helpful in understanding what you see on your credit report.
You’ll have the chance to initiate a credit freeze or even add fraud alerts; this will help you protect your financial health from any future mistakes or errors that aren’t your fault but rather a product of identity theft.
How to File an Experian Dispute
If you’ve noticed an error on your Experian credit report, you can file an Experian dispute via the letter method detailed above. Or, you can contact their customer service at:
- (866) 200-6020
- Experian, P.O. Box 4500, Allen, TX 75013
If you’re going to contact Experian by mail, it helps to download their dispute by mail instructions. Follow the instructions carefully.
You can also access the Experian dispute center here. You’ll have to register for an account. And, it’s likely that you’ll have to provide supporting documents that back up your claim.
How to Track Changes in Your Credit Score
If you’re tracking your credit score closely, you’ll be able to quickly and easily identify change. When you see something odd, request a full report. It’ll allow you to dig deeper into what’s caused such a drastic drop in your score.
The easiest way to track changes in your credit score consistently is by downloading a credit reporting app. Float provides you with your credit score for free. And we allow you to connect with friends and family to see theirs, too. You approve followers and decide how much they can see.
This leads to a fun cycle of accountability that will make it easy to ensure you’re not missing any important changes that can affect your score.
Get started today. Download the Float app and begin to unlock your financial potential.