What should I do if I spot an error on my credit report?

If you spot an error on your credit report, the first thing you should do is contact the credit reporting agency, as well as the company that provided the inaccurate information. It is important to contact them in writing — via email or snail mail — so that you have physical proof of the dispute. When you communicate with these parties, it is important to provide as much detail as possible. Include the specific credit account, the name of the financial entity providing the incorrect information, and the reason why you believe it is incorrect. It is also important to provide a copy of your credit report to the credit reporting agency, along with documentation that verifies the accuracy of the information you are disputing. This could include copies of bank statements, credit card bills, loan documents, or other financial records. Under the Illinois Credit Card Law, you have the right to dispute credit report errors, as well as the right to have any inaccurate information removed from your credit report. The law also requires the credit reporting agency to investigate and update your credit report within 30 days of receiving your dispute. If the credit reporting agency cannot verify the accuracy of the negative information, it must remove it from your credit report or else give you a written explanation of why it was not removed. If the credit reporting agency does not comply with these requirements, it could be subject to fines or other penalties from the state.

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What should I do if I spot an error on my credit report?

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