>> WID Financial Llama, how to fix credit report errors.
The WID Financial Llama is on screen, broadcasting from his elegant living room.
>> Hello, friends and welcome to another episode of me, the WID Financial Llama.
In our last episode we talked about how to review your free weekly credit reports from annualcreditreport.com, and how to write down anything you wanted to dispute or something you had questions about.
Today we’re going to talk about how to fix any errors in that report.
So, how do you dispute errors on your credit report?
Our good friends at CFPB have a great little tool for that and you’ll never guess what it’s called.
>> Close up view of a beautiful Golden Retriever sitting next to the Llama’s desk.
>> I suppose I would guess it would be called Disputing Errors on Your Credit Report Tool?
>> Cut back to the Llama.
>> Indeed it is.
>> CFPB Disputing Errors on Your Credit Report Tool.
>> This tool takes you step by step to dispute an error on your credit report with a credit reporting agency’s tool, the people who furnish the information to the credit reporting agencies in the first place.
Did you know you can dispute by phone, by mail or even online.
First thing you want to do is identify the issue.
Bring up one issue at a time.
Gather any supporting evidence that you need to make your case to show that the account is or is not yours.
Make sure you explain each error separately, just stick to the facts and request that it is removed or corrected.
It’s also always best to follow up in writing.
This link will bring you to a model letter provided by CFPD.
>> CFPB Disputing Errors on your Credit Report Tool.
>> Also there will be more information at that link if you want to dive deeper into this ever-interesting area.
Okay, now that we know how to get your free weekly credit report.
Review that credit report and dispute any errors on that credit report, join us in our next series of videos to talk about how you can maximize the five elements that go into your credit score.