Denton Bankruptcy Attorney:  Three out of four credit reports contain inaccurate information.  These errors include mistakes regarding missed payments, incorrect balances on accounts, and even statements that you owe money to a creditor when you don’t.  In order to remove these mistakes from your credit report, first you need to know that they exist.   A free credit report can be obtained from www.annualcreditreport.com or by calling 877-322-8228.

Now that you have a copy of your credit report, read it carefully and identify inaccurate information.  The Fair Credit Reporting Act provides a way to challenge mistakes on your credit report.  Contact the credit agency whose report contains the incorrect information and ask for information regarding their procedure for disputing entries on credit reports.  Once disputed, the creditor must file a response within a certain period of time, and if no response is filed the inaccuracy is automatically removed from the credit report.  This is a process you can do yourself, but it can be time consuming.  There are companies that will assist you with disputing entries on credit reports for a fee.