Information in your credit report must be accurate.
Credit reports from Equifax, Experian and Trans Union generally contain the following information: Personal identifying information (name, date or year of birth, social security number, telephone numbers and addresses), credit history, collection accounts, public record information, and inquiries. Credit reports from other CRAs may contain some of the same information such as personal identifying information, but may also include information specific to the purpose of that report such as criminal, rental, insurance or checking/banking history.
After you obtain your credit report, you should review all information in the report for accuracy. Inaccurate or incomplete information includes personal identifying information that does not belong to you, false or inaccurate collection accounts or public record information, accounts that you did not open, the wrong status on the account such as inaccurate or incomplete payment history or other status, duplicate accounts, or inquiries from companies that you did not authorize to receive your consumer report or that you do not have a business relationship with (there are, however, exceptions).
Your credit report may contain inaccurate or incomplete information because you are the victim of identity theft, the CRA has “mixed” your credit file with that of another consumer, the CRA is reporting obsolete information, or the furnisher of information such as a bank or credit card company has misreported information about you. Whatever the reason, you should always dispute to the CRA, in writing.
When reviewing your credit report for accuracy, you should look for “obsolete” information – information that is reporting for longer than what the FCRA allows.
Unless your credit report is to be used in connection with a credit transaction involving a principal amount of $150,000 or more; the underwriting of life insurance involving a face amount of $150,000 or more; or employment at an annual salary equal to $75,000 or more, then your credit report cannot include:
Accounts in good standing and records of convictions of crimes can be reported indefinitely, but they must be reporting accurately.
If a CRA deletes an item of information in response to your dispute, it cannot reinsert (re-report) that information without:
If your consumer report contains inaccurate or incomplete information, please contact us for a free consultation.