If you find an error on your credit report, you can ask the credit reporting agency to fix the mistake. Texas and federal law require the consumer reporting agency to do the following:
If the credit reporting company will not remove the error, you may want to file a complaint with the Consumer Financial Protection Bureau or speak with a lawyer about filing a lawsuit.
Requires consumer reporting agencies to allow a consumer to correct previously reported inaccurate information within a reasonable time frame.
Federal law that details the procedure for a case of disputed accuracy in a credit report to be investigated and resolved.
This federal law is also known as the Fair Credit Reporting Act protects a consumer's information when collected by consumer reporting agencies. This act also extends to how a company must handle a consumer's financial information when providing information to consumer reporting agencies.
This article from the legal encyclopedia Nolo explains steps to take to clean up your credit report. Recommendations for disputing inaccurate information are included.
This article from the Federal Trade Commission explains how to determine if your credit report is accurate and correct any errors.
This page from the Consumer Financial Protection Bureau outlines the process of disputing an error on a credit report.
This article includes information on how to check your credit report and what to do if you find an error.
If you find an error on a credit report and the reporting company will not remove the error, you can submit a complaint with the Consumer Financial Protection Bureau.
The three major credit reporting companies allow you to start the dispute process online. Check the company's website for more information about disputing an error as each may have slightly different processes.
