Duplicate Listings Bring Credit Scores Down
If a creditor sells your account to a debt buyer, sometimes both the creditor and the debt buyer will list the same debt on your credit report. Duplicate listings can lower credit scores and make it more difficult to get approved for a loan, buy a car, refinance a home, or get a job. Even if you pay the debt, duplicate listings may remain on your report. This is wrong.
How to Correct your Credit Report
- Obtain current credit reports from Transunion, Experian, and Equifax. Consumers are entitled to obtain a free credit report every twelve months.
- Send written disputes to the credit bureaus that show a duplicate listing. Include a current copy of your credit report with the disputed item highlighted. Briefly state why the duplicate listing should be removed. Attach any supporting documentation that will verify your claim. Send your letter by Certified Mail, Return Receipt so that you have confirmation that your dispute was received. A written, mailed dispute is better than submitting an online dispute, where your ability to dispute is limited. The bureaus have 30 days to respond to your dispute.
- Keep a file with all dispute correspondence sent and received from the credit bureaus.
- If the credit bureaus do not correct the listing, seek the assistance of a qualified consumer protection attorney.