If the information on your credit report is inaccurate or outdated, you can dispute it by getting in touch with the creditor directly in writing. The contact details of most creditors are generally available on the last pages of a credit report. Once you have officially lodged a dispute, the repositories will then update and make changes to your credit report accordingly.

WHAT IF I CAN’T GET IN TOUCH WITH THE CREDITOR?

In such cases, you can directly contact the repositories and if the creditors fail to respond within 30 days, the repositories must take the matter into their own hands and fix. The repositories can be contacted using the following details:

WHY AREN’T MY CREDIT BALANCES UP TO DATE?

Creditors usually report new information once a month and you might have to wait for a little to see the updated balance in your report.

I HAD MY CREDIT REPORT CORRECTED. WHY IS IT NOT UPDATED?

Your information may not have been cleared with the credit bureaus.
I am a co-signer on a loan. Why did it appear on my credit report?
In the case of default by the primary borrower, a co-signer has to take the responsibility of payment. You can provide proof that the primary borrower is paying on time in order for your credit report to not get affected by a co-signed loan.

WHAT IS A CREDIT BUREAU SCORE?

A credit bureau score determines the likelihood of a borrower with a certain credit history to default a new loan. The score ranges from 450 to 850 points and is based on a complex mathematical formula developed after studying millions of consumers’ credit history. A higher score shows a better credit risk.