Remove Inaccurate Information from Credit Report

If you find errors on your credit report, you can take steps to have the inaccurate information removed. This will help improve your credit score and prevent future problems.

Get a copy of your credit report. You’re entitled to one free report from each of the three major credit bureaus annually. Review the information carefully to identify any inaccuracies.

If you find errors, contact the credit bureau and the information company. The credit bureau will investigate and remove any inaccurate information from your report.

You can also dispute errors with the Consumer Financial Protection Bureau (CFPB). The CFPB is a government agency that protects consumers from financial fraud and abuse.

Rebuild Your Credit Score

Once you’ve removed the inaccurate information from your credit report, you can start to rebuild your credit score. Here are some tips:

• Pay your bills on time. This is the most crucial factor in determining your credit score. Set up automatic payments or reminders so you don’t miss a payment.

• Keep your credit card balances low. Your credit utilization ratio is the amount of debt you have compared to your credit limit. A higher ratio hurts your score, so keep your balances below 30% of your credit limit.

• Apply for new credit only when necessary. Opening too many new accounts can hurt your score. Only apply for new credit when you need it.

• Monitor your credit report regularly. Check your information at least once a year to ensure no new errors. You can also sign up for alerts from the credit bureaus, so you’ll be notified of any changes to your report.

By taking these steps, you can improve your credit score and protect your financial future.