There are 5 steps you need to take if you discover that some of the information on your credit report is wrong, and you need to take these steps as oon as you possibly can.
First off you should be aware that the lending agency who submitted the information is ultimately responsible for correcting it but it's your responsibility to bring it to the attention of the credit reporting agency, so they can notify the lender that corrections need to be made.
1. If you see inaccurate information on your credit report you should
2. Gather all the documents you have, that you feel proves the reported information is wrong.
3. Double check the information that you have against that of the credit report
4. Make copies of all relevant pages, and highlight the information which is pertinent to the matter
5. Write a letter including you name and address
6. Identify every single item you're disputing on your report
7. Explain clearly why you are disputing this information
8. Request in writing that you need this information to be deleted or corrected
9. Include a copy (not the original) of your credit report
10. Circle the items that you are disputing, for clarity, and expediting purposes
Now send the copied documents along with the letter (by way of certified mail, with a return "receipt requested") to the CRA that reported the misinformation.
When you receive the return receipt make a note of the effective date on it, as the CRA is required to investigate what you are questioning, and will usually take care of the request within a 30 day time-frame.
The CRA will forward the data you provide them to the lender. When the lender receives this information they will do an investigation regarding your claims and report back to the CRA. Also, if they find the information you're disputing to be inaccurate they are required to notify all of the Nationwide CRAs so the information can be corrected.It's your right to have correct information on your credit report so please be sure and actively monitor your report for information that is flawed and inaccurate.