How do you fix your credit report so that you can bring your score up?

QuestionsCategory: Credit Score / ReportHow do you fix your credit report so that you can bring your score up?
Chris D. asked 3 years ago

From what I’ve heard, credit reporting errors are not that uncommon. If this is the case, I am thinking that there may be an error on my credit report that could explain my poor credit score of 620. I would like to know how do you fix your credit report so that you can bring your score up?

1 Answers
Joyce C. answered 3 years ago

Correcting errors on your credit report is definitely one of the fastest ways to increase your credit score mainly because you already have a good credit score – it just isn’t being fairly accounted for. However, if there are no true inaccuracies on your report then this tactic will not work for you. It is not advised to file claims to get negative information removed from your credit report if they are actually accurate because it is a waste of your time and the credit bureau’s time. Furthermore, if you keep filing false claims the bureau will stop looking over your credit claims which can hurt you in the future – think of the boy who cried wolf one too many times.

Nevertheless, if you want to fix errors on credit report, errors that are in fact true errors, then you are in luck. All three credit bureaus – Equifax, Experian and TransUnion – have made the process easy to complete and by law the transaction must come to an end within 30-45 days.

Here are some helpful tips to keep in mind when filing a dispute:

  • Keep a record of all communication including time and date information
  • Use hard evidence to back up your claim(s)
  • Use clear and concise diction when explaining your claim

After the dispute has been settled, one of two things will happen. One, the information will be found incorrect and the credit bureau will update the information on your credit report and your credit scores will reflect the changes. Two, the information will be found to be correct and will stay on your credit report and not affect your credit score in any way. You can re-file a dispute if you do not agree with the outcome, although it is not likely to do any good unless you have new, hard evidence that backs up your claim.