Improve Credit Tip 3: Dispute Credit Errors Using Credit Report Repair
Your credit history is 35% of your FICO® Score. If your credit history is not an accurate reflection of your credit management you will want to make sure that you dispute and work to remove errors as soon as possible. Depending on the type of error, errors could take anywhere from 2 to 10 years to naturally be removed you’re your credit report.
Errors appear on credit reports for a variety of reasons. Estimates in the number of serious errors that can appear on credit reports range from 3% to 25%. There are a total of over 200 million credit reports, which means the lower end of the scale shows that they are at least 6 million inaccurate credit reports. Errors can consists of different customer files getting mixed up, creditors making an error and showing a debt for the wrong customer and inaccurate information related to identity theft.
You have multiple options on how you clean your credit history. The credit bureaus need to be made aware of the inaccurate information on your credit reports in order to work to correct it. You have the option to write and send dispute letters on your own. You also have the option to hire a credit repair company to contact the credit bureaus on your behalf. Fixing your credit by removing inaccurate records should help improve your credit, but the process can be lengthy, and it isn’t easy.