How to File a Dispute With the Credit Bureaus
Correcting any errors on your credit report is one of the first steps consumers should take when they're looking to improve their credit score. Incorrect information, like a report showing an unpaid debt even though you've paid off the collection months or years ago, can produce a serious negative impact on your credit score.
Don't expect these issues to simply resolve themselves. Inform the credit bureau that its information is inaccurate by filing a dispute.
A study from the Federal Trade Commission found that 5% of consumers have an error on their report that negatively affected their insurance and loan rates. Twenty-five percent have an error that may have at least a small impact on their credit score.
Source: Fool.com
