Credit Repair Is All about Disputing Inaccurate, Unverifiable, and Obsolete Information From Our Credit Report.

One of the most common questions I'm asked is what errors should I be looking for.  In a nutshell:  everything!  But to start you off, I've listed some common errors that I run across when reviewing reports to help you out 🙂

Common Errors:

• A paid account might show a balance
• The account number is wrong,
• Your name is incomplete or misspelled,
• You addresses, SSN, or other identifying information is wrong,
• A balance being reported is wrong,
• A payment date or amount is wrong,
• A late fee might be miscalculated or posted in the wrong month/year and thus is wrong,
• A “status” is wrong (paid, unpaid, collections, charged off, etc),
• The credit limit is wrong,
• The date of last activity is wrong,
• The creditor identification is wrong or is incomplete,
• A collections account is listed twice,
• A payment listed as late might have been made on time (and not posted to the account on time),
• An account might not be yours.
• A judgment or a lien is not yours

I always teach students in my classes and workshops to look at every single entity of that one trade line to ensure every detail of it reporting is accurate.  If not, dispute for deletion.  Mind you I am primarily referring to NEGATIVE items on your credit report, not the positive items.

The only time you would dispute a positive credit item is if it is reporting in a way that is causing your credit to be negative, an example is if you have a credit card and you have only charged 20% of your credit limit and the creditor is reporting that you have used 50% of your credit limit; thereby increasing your debt to income ratio, which negatively impacts your credit score (Utilization is apart of the Amount Owed section of your score{30%})

Hope this helps 🙂

Need help identifying errors on your credit reports and developing a plan of action to tackle them?

Schedule A Consultation Today!

Leave a Comment