Know Your Credit History

Dispute Errors

There can be errors on your credit report for many reasons and you should take immediate action to correct them. Many people's credit histories have been ruined by errors in a credit report.

Inaccuracies in a credit report can be due to simple human error. For example, a credit provider may fail to give information to one or more credit reporting agencies in a timely manner, or may not report it at all. Or the inaccuracy may be due to faulty data entry at a credit reporting agency. Whatever the reason, it is important to take steps to correct the record as soon as possible.

Credit reporters are required by law to ensure that your credit information is accurate, up to date, complete and not misleading. Where you consider that your information is inaccurate or not up to date you may request that the agency alter your information.

If you request a credit reporter to correct your information, the credit reporter must either suppress the disputed information or make it clear that the information is being checked for accuracy. The credit reporter must take reasonable steps to ensure that the information is accurate, up to date, complete and not misleading. If the credit reporter decides not to correct your information, it must inform you of this and, if you request, must attach a statement of the correction sought to the information so that it is seen whenever the information is. Whether or not the credit reporter decides to correct your information, it must also do its best to make sure that each person who has accessed your file is informed of the correction or the decision not to correct.