How to Write a Credit Dispute Letter to Fix Credit Report Errors

Disputing your credit report when you find a mistake helps prevent dips to your credit score that could have negative financial consequences, including higher interest rates on loans or credit cards or being denied these products altogether.

Consumers should be “proactive and vigilant about monitoring their credit,” says Desmond Brown, an assistant director of the Consumer Education and External Affairs division at the Consumer Financial Protection Bureau. “If consumers see something that’s not correct, they should take proactive steps to find out what it is and make sure that their credit reporting companies are actually processing the accurate information.”

What is a credit dispute letter?

A credit dispute letter is an explanation of an error or outdated information on your credit report that you send to one or all of the three major credit bureaus, along with a dispute form you can download from Experian, Equifax and TransUnion.

You’ll want to dispute the credit report at the bureau…

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This article was written by Amanda Barroso and originally published on www.nerdwallet.com