The easiest way to keep your credit report error-free is to check it regularly for errors. You can request a free copy of your credit report from each of the three major credit reporting agencies – Equifax, Illion and Experian, once a year. You can also request a free copy of your credit report if certain information has been corrected or you have been denied credit within the past 90 days.
Once you receive your credit report, read it carefully to verify that all loans and debts listed on your credit report are yours. If so, you need to confirm if the amounts shown are correct.
It is also important to review the default values listed in your report. A default could appear on your file if you have a debt of $150 or more that is 60 days past due. A creditor must also notify you in writing before listing a debt in default. Once a defect is listed on your file, but you end up paying for it, it should be considered a paid defect, which again is something you need to watch out for.
If you think there is an error in your credit report, you can request that it be changed free of charge by contacting the relevant credit reporting agency. Here are some steps you can take to correct errors on your credit report: