Dealing with credit report errors? Here are some tips to fix the issue right away

Dealing with credit report errors? Here are some tips to fix the issue right awayImagine being turned down for a loan or paying higher interest rates due to errors on your credit report.has good news. You can check the accuracy of your credit report for free and more frequently than many people realize."I went to go apply for a loan, a car loan, and I was denied because they found an unpaid bill," said Vargas, a certified financial planner at"I was shocked.

Common errors include inaccurate personal information, duplicate accounts, closed accounts reported as open and paid-off debt appearing as unpaid. "A credit report is like an x-ray into a person's finances. Having incorrect information on that report can stop a person from getting credit or a loan, renting an apartment, getting a good rate on your insurance, or even getting a job," said Lisa Gill, investigative reporter for Consumer Reports.If you do end up finding an error, fix it right away.

"You'll want to file a dispute with each of the three credit bureaus Equifax, Experian, and TransUnion. Include all the evidence you have, like account statements and payment records. Create a paper trail by writing a detailed letter of explanation, and send all of these via certified mail and keep copies for yourself.""Put it on your phone to remind yourself. Just like you go for a checkup to your doctor, you have to check your credit," said Vargas.

If there's a legitimate issue on your credit report that doesn't look good, CR says that adding a note to your file can provide context for future lenders, employers, or landlords, potentially improving their perception of your financial situation.

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