When should you dispute a credit report?

Not all errors on your credit reports are detrimental to your financial health. Find out which inaccuracies you should address right away and how to do it.

By Dana Dratch, Bankrate.com

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commonsense_idea
Jan 13, 2013 4:16PM
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The Whole Credit reporting system needs to be revamped, so that a $5.00 old bill-debt cannot ruin your credit. There should be a ceiling to what could be reported to the credit bureaus. Such as anything less than $300.00 should not be able to be reported.

claims
Jan 4, 2013 2:00PM
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You really need to sue these  credit reporting agencies EVERY TIME.
ADDY GARDNER (DOAAGA11)
Jan 13, 2013 4:27PM
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What needs to be done with these credit report outfits is to get rid of them for good.  They are never accurate and can damage a persons history so they may never get a loan for a car, home or just some mad money for vacations.

 

indangered
Jan 13, 2013 5:47PM
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your credit report is nothing but a farce. it is used to determine if your rich or working class. even your automobile insurance is determined by your credit score. aka if you struggle to live it doesn't matter if your a good driver you will pay more to insure your old amc pacer than that rich sob pays for full coverage on his porche 944 turbo red with flames and multi dui  accidents and speed violations. they claim that statistically the poor are 1k times more likely to be involved in an auto accident than that crazy driving rich man. ask yourself why does that guy have a perfect credit score when he never buys anything on credit? ask why he pays 300k cash for a house that if you tried to buy it would cost well over a million with an interest rate that would have you paying more per year than he did for his cash purchase. it is all designed to keep the rich and the poor separate. open your eyes people see the truth .
gettinitagain
Jan 13, 2013 4:47PM
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Given the track records of the banks and mortgage people, why in the world does this author think they will do any thing at all to assist a consumer in correcting a credit report....you know the adage " when hell freezes over"......
MP1966_
Jan 13, 2013 5:50PM
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What is really infuriating is that Credit Reporting agencies always operate from the standpoint that businesses reporting info. about you are ALWAYS correct.

 

These Credit Bureaus need to be accountable for false information that damages people financially.

Bronx 1955
Jan 13, 2013 6:01PM
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I have different info on each of the 3 credit reports...some right, some wrong, some harmeful, some

worthless, and wrong previous adresses where I never lived...debts I do not owe, etc.   This entire system is useless...and we have very limited access to correct and intervene.  Needs overhaul now !!!

Unbelievable499
Jan 13, 2013 6:10PM
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Medical bills should be under a complete different classification. Me, trying to get healthy (with no insurance)..so I CAN pay all bills responsibly..my credit has now been totally destroyed due to over $100,000 in debt to hospitals...etc. I do o.k. now that I'm feeling better, but I'll have to wait for the statute of limitations to run out, so I can buy a candy bar on credit again,,
when789
Jan 13, 2013 5:07PM
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That is correct, ask them how they got the info (good or bad, wrong), and under who's permission they are using your SS #, I had ID theft caused by them (credit agencies) and IRS (AND the first one they accuse is always you), and they treat you like it is  no big deal for them, but it was a real big deal for me like 27 K worth deal, next time I will simply visit whomever is responsible, with state police right from the first day, and put them in jail.!--IRS lost 436,000 ID's in 2011--and never  give them or anyone else the SS # over the phone, I got one agent arrested for asking my SS on the phone, that is totally illegal.!
Bronx 1955
Jan 13, 2013 5:58PM
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IF I pay all my bills...my credit is less than if I don't pay and have debt each month...Wow...how stupid!
Methuss
Jan 13, 2013 6:22PM
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Okay so the FCRA says that the bureaus are required to keep and report only accurate information.  This entire article appears to be an EXCUSE for their inability to follow the requirements of the law, whether it be by incompetence or a perpetual apathy.
BrandonKat
Jan 13, 2013 6:09PM
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There is a judgment showing on my credit report which doesn't even exist.  It was vacated by court order.  Even though I have provided certified copies of the order vacating the judgment to the three credit bureaus, they continue to show the judgment.  For this reason, I was informed by an auto insurer that I would pay a higher rate because of the judgment.  THERE IS NO JUDGMENT!!!  I have been fighting this for years to no avail and have given up.  I spoke to an attorney about this but I really can't afford it.
al michaels (AM MICHAELS)
Jan 13, 2013 7:34PM
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i think from all these comments people are tired of being judged by these companies bad things happen to good people its time to look at the person not the report
Vote717
Jan 13, 2013 7:59PM
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The best way to fix the credit Bureau, complain to your Senator. We need to start a petition demanding a change to the credit Bureau.
bamaguy62
Jan 13, 2013 5:27PM
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What about stuff where the statute of limitations has ran out?
Someone
Jan 13, 2013 6:31PM
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The problem I have found with credit reports is that they just blindly believe what the creditors tell them in that you owe when you really don't. This has happened to me and continures to happen to me. I report the fruad but it carries little weight in offsetting the damage.
paulaandchris
Jan 13, 2013 6:10PM
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what most people dont know is when something is to drop off your credit it is sold to a collection buiss. and they can put it back on your credit again and again.  credit reporting is ****  big company file chapter 7 and have credit.  i started a trucking buiss. i worked hard and now have 3 trucks and 7 trailers worth about 65k  go to a bank to grow the buiss. and get told i dont have credit. hard working people hold this country up and the lazy get more we get less. people are rich because they work their **** off. so lets take their money and give it to the lazy **** that dont work.
Cynthia C
Jan 13, 2013 7:40PM
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DONT GET ME STARTED..after losing my apartment, car job, etc etc..because I was the victim

of a crime....I found out that there is no file or place or space for victims...of  crime...I could not work...The credit Bureaus had nothing but contempt for me....all of the Experian, Equifax, Transunion.

Further more the Prosecuting Attorney for Redmond, Washington refused to prosecute when the perp

was finally identified....Unbelievable...how many more are there like me....Now I have awesome credit ..It took 10 years....but the Credit Bureaus will not recognize me for any serious lender worthiness...shame on you...If I close a credit card...immediately my credit score goes down by 2 points....2 cards 4 points.  Im not the only one 

aka_antonio
Jan 13, 2013 7:51PM
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MSN Money writers need suck up to the credit reporting agencies. Every article on MS Is slanted toward supporting the status quo. MSN is basically a Fox News channel. My experience has been that Transunion and experian are relatively honest and helpful when presented with facts and legal requirements. Experian sucks. Experian reports are half accurate at best. The larger issue is Experian refuses to change reports they are legally required to change, Experian responds with vindictive actions when challenged with legal action. They act arrogantly, as if they are doing you a favor they are actually required to perform. Their employees act like jerks. If Experian was a law firm, they would be disbarred.  All credit reporting agencies are basically in collusion with fiancial infrastructure, all of whom drove us into the current economic disaster.  Basically, the government says, "It could be worse, you coiuld be living in Greece, Italy or Iceland, so shut up."

Julie150
Jan 13, 2013 7:19PM
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The last time I ordered my yearly credit report one company listed an alias for me.  It was not so bad I suppose; however,  it was my ex-husband's name!  It's bad enough these three credit companies make mistakes that impact our lives, but it is clear they do not even have an ounce of common sense.  How is it that at some point in life I was know as STEVEN?? 
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