Disputing Credit Reports

Your credit report contains information about how you pay your bills, where you live, any litigation history, etc. It plays a vital role in determining your eligibility for home financing and how much you will have to pay to borrow money.

You should make sure that the information on your credit report is accurate and current before you apply for major credit. The Fair Credit Reporting Act (FCRA) promotes the accuracy of credit reporting agency records by enabling applicants to receive free copies of their credit report and establishing a procedure to correct inaccurate information. Go to this Federal Trade Commission site for instructions on ordering your free credit report and the procedures to follow to dispute any incorrect information.