Cleaning Up Credit Inaccuracies
Discovering an error on your credit history can be a rude surprise when you’re attempting to get pre-approved for a mortgage. Though most people don’t think about the details of their credit report until the need to secure a loan, it’s a good idea to check your report for inaccuracies periodically.
If you do find an error, the best way to attempt a correction is through a dispute letter. Dispute letters allow you to formally request a fix by the reporting agency. Though it may take a little time to get the errors removed, cleaning up these mistakes can have a direct (and favorable!) effect on your credit score, helping you secure lower interest rates and better terms.
Here’s what you’ll need to include for each mistake you find:
Which account shows the mistake.
Specifically what’s incorrect about the account where it appears in the report.
What changes should be made and why those changes should be made.
Any supporting evidence or documentation which will bolster your claim.