How To Access Your Credit Report & Dispute Inaccuracies
Knowing how to access your credit report and check for discrepancies is a big deal for adults. Credit reports contain information about loans and credit card debt to help lenders decide if you are worthy of borrowing funds. Sometimes, things can be inaccurate and completely false. Identity theft is a real thing that could hurt you in the future. Here is what to do if that happens.
First of all, it’s important to note that consumers can get a free credit report once every twelve months. It’s simple, just go to AnnualCreditReport.com to get your copy. If you are denied credit, this also entitles you to request a credit report to determine why you were turned away.
Consumers are also entitled to one additional free copy of their credit report during any 12-month period if they’re on welfare assistance or are unemployed and seeking employment within 60 days.
Another good thing to know about credit reports is what to do if you suspect something isn’t right. It’s a good idea to review the summary to see if there is anything negative listed that could impact your credit score. Plus, if it shows something you are unsure of, it’s important to contact the creditor to find out what happened. If the information is inaccurate, a dispute should be filed.
A dispute and possible statement can be addressed through the credit reporting bureau. However, be sure and dispute the false information with the creditor as well. You can choose to add a consumer statement to your credit report to provide an explanation for why you missed a payment or why you believe something is being reported incorrectly.
If you suspect you could be a victim of identity theft, there are some red flags on your credit report to watch for. Be sure there are no names you do not recognize. This is also true for the addresses listed. If there is one, you know you were never residing; this could be a clue that someone stole your identity. You should also ensure that all the accounts listed belong to you.
Another red flag to watch for is if you see an account with a hard inquiry that you don’t remember applying for; it could indicate someone tried to get credit in your name.
Checking your credit report often and verifying there are no inaccuracies is the best way to keep your credit health in tiptop shape. Plus, it helps you identify if there is any possible identity theft.
Staying on top of all of it can prevent lots of frustration in the future.
- How To Access Your Credit Report & Dispute Inaccuracies - April 29, 2025
- 8 Financial Red Flags That Will Impact Your Credit Score - April 29, 2025
- Judge Denies Brian Laundrie’s Family Request To Dismiss Petito Lawsuit - June 30, 2022