You just found out that your credit report has an error on it. You are not alone, many, many reports contain errors. How do you fix this? The first step is to write a letter to the credit bureau that has the incorrect information and ask that they investigate, and update your report accordingly. You need to write to each bureau that has the incorrect information, writing to just one will only update that one report.
Your letter should look something like this:
Your name, address, social security number and date of birth at the top (they need this to positively identify you)
Date the letter (you may need this later)
Address of the bureau with the error.
Dear Sir or Madam,
I have reviewed my credit report and have found the following error(s). Please investigate and update my report accordingly.
Creditor Name - Account #: XXXXX - List the error here. Keep it short and sweet. i.e. I was never late on this account. I have never had an account with this company, etc.
Sign your name.
The three credit bureau's addresses are:
PO Box 1000
Chester, PA 19022
PO Box 740241
Atlanta, GA 30374
PO Box 2104
Allen, TX 75013
Mail your disputes, do not use the on-line dispute forms at the credit bureau's web sites. You should receive a letter from the bureau about 10 days after mailing your dispute to acknowledge your dispute. They have 30 days to investigate and update your report. Once they have investigated they will mail you an updated report showing what information has been updated.
How To Request Your Credit Report explains how to request your credit report as a part of The Fair Credit Reporting Act which guarantees you access to a free credit report from each of the three nationwide reporting agencies Experian, Equifax, and TransUnion every year.
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As quoted in the New York Times "A Little-Known Loan Program", and in the Hartford Courant "Moving In:Couple Combining Households Buys In Newington" and "Moving In... New Britain"