Mad Rich

Many people check their credit every year and discover that they have a reason to dispute Experian or one of the other reporting agencies. Some of them don’t know what to do about it, though. One of the three major consumer reporting agencies is Experian. Occasionally, you will find something on your credit report that is an error or that you have already paid off. This is a good reason to dispute Experian and have them remove that particular item. This will continue to negatively affect your credit rating until it is removed. Disputing a consumer reporting agency isn’t very difficult if you have all of your paperwork in order. You will need to be able to contact all three of the major agencies as if you remove something from Experian, you need it removed from the other two as well.

The first step in disputing Experian is to find out what the problem is. The easiest way to do this is to send them a copy of the report you have from them. You will need to highlight the errors and write a letter telling them what exactly is wrong. Maybe you already paid that particular bill, or maybe it isn’t even your bill in the first place. You should include a letter explaining everything in great detail and also send in copies of all bills relating to that error. Something you should do is send everything to Experian certified mail and request a copy of the receipt when they get it. This will make it easier if they say they haven’t received your letter of dispute. If you have negative accounts on your credit report that don’t even belong to you, these are very easy to get rid of. Many people have the same first and last name so by providing proof that you are not responsible for a bill, the matter can be cleared up very easily.

When you dispute Experian, they have 30 days to review your dispute and make any necessary changes, it usually doesn’t take this long and you can check your progress whenever you like. Experian is required to send all the corrected information to the other major consumer reporting agencies but it is a great idea to send that information to them yourself also. When it comes to credit, it’s a good idea to have all of your bases well covered. If not, you could find yourself in a sticky situation where it’s difficult to make things better.

Occasionally, you may have to dispute Experian by having them add accounts. If you have had outstanding credit with your local credit union but for some reason it isn’t showing up on your credit report that could seriously affect your credit rating. Everyone will find your late payments but it couldn’t hurt to ensure your positive payments are out there also. This can be very important for people just beginning in the credit world. Having no credit can be just as bad as having bad credit. In the end, they both put you in a situation where it is difficult to get a good interest rate on loans or get approved for a simple line of credit.

Disputing Experian or any other consumer agency is an easy but time consuming process. A special file or place to keep all of your credit related paperwork and bills make this process a lot easier. Most people who work for Experian are understanding when there is an error and they will do their best to help you out. It is up to you to take advantage of this and make sure that things are rectified.