Most people start to look at their credit report too close to the opportunity to seek financing. It is often at that time when a mortgage lender or auto finance companies advised that there is negative credit appearing on one's credit report. Although the person seeking financing may claim that the information is inaccurate, the finance company will not be willing to rely on that statement Credit score.
What the borrower must do is engage in a campaign to correct the misinformation that is appearing on the credit report. This dispute phase can be done in writing or it can be done by initiating a dispute over the internet. The internet method is preferable since the dispute can commence immediately, unlike the mailing process.
The three credit bureaus that need to be contacted are Transunion, Experian and Equifax. Since each bureau will contain differing information, it is imperative that the person seeks the information listed in each bureau. The person should then take the necessary steps to dispute every single item that is incorrect. It could be as simple as a late payment or it could be as difficult as a judgment lien. No matter what the misinformation may be, it is critical that the borrower take action at once.