Will Disputing Errors On My Credit Report Hurt My Credit Score? That’s a great question. Disputing errors on your credit report should not hurt your credit score. In fact, it’s important to dispute any errors on your credit report to ensure that your credit score accurately reflects your creditworthiness. For information about credit reports and credit scores.
When you dispute an error on your credit report, the credit reporting agency is required by law to investigate the dispute and correct any inaccuracies. During the investigation process, the disputed information will be marked as “disputed” on your credit report, but this should not have any negative impact on your credit score.
In fact, disputing errors on your credit report can actually help improve your credit score. This is because correcting inaccuracies can improve your credit utilization ratio, which is an important factor in determining your credit score. For example, if there is an error on your credit report that shows a high credit card balance, correcting this error can lower your credit utilization ratio, which can positively impact your credit score.
It’s important to note, however, that if you have legitimate negative information on your credit report, disputing it will not necessarily remove it from your report. Negative information, such as missed payments or accounts that have been sent to collections, will typically remain on your credit report for up to seven years from the date of the first missed payment.
In addition, if you have a high number of disputed items on your credit report, this could raise red flags with lenders or creditors. While disputing errors on your credit report should not hurt your credit score, having too many disputes could indicate to lenders that you are not managing your credit responsibly.
To minimize the potential negative impact of disputing errors on your credit report, it’s important to only dispute items that are inaccurate or fraudulent. You should also keep your dispute activity to a minimum and focus on maintaining a positive credit history by paying your bills on time, keeping your credit card balances low, and managing your debt responsibly.
In conclusion, disputing errors on your credit report should not hurt your credit score, and in fact, it can help improve your credit score by correcting inaccuracies. However, it’s important to only dispute items that are inaccurate or fraudulent and to maintain a responsible approach to managing your credit.
Free Credit Report Analysis
During your no-obligation consultation, attorney Paul Mankin will also prepare a free credit report analysis that identifies credit report problems. If you believe that some items are inaccurate, Paul will prepare a letter at no charge that you can send to the credit bureau. If it appears that the credit bureau has willfully included false or inaccurate information on your credit report, our lawyer Paul Mankin can also represent you at no charge, seeking full compensation for you.
Get Legal Help Today
Contact the Sanders Law Group by calling (800) 979-3707 for help correcting inaccurate information on your credit report.
