You have the right, under the Fair Credit Reporting Act,
to dispute the completeness and accuracy of information in
your credit file. When a credit reporting agency receives
a dispute, it must reinvestigate and record the current status
of the disputed items within a "reasonable period of time,"
unless it believes the dispute is "frivolous or irrelevant."
If the credit reporting agency cannot verify a disputed item,
it must delete it. If your report contains erroneous information,
the credit reporting agency must correct it. If an item is
incomplete, the credit reporting agency must complete it.
For example, if your file showed that you were late in making
payments on accounts, but failed to show that you were no
longer delinquent, the credit reporting agency must show that
your payments are now current. Or if your file showed an account
that belongs only to another person, the credit reporting
agency would have to delete it. Also, at your request, the
credit reporting agency must send a notice of correction to
any report recipient who has checked your file in the past
For those items in your credit profile which you feel deserve
further explanation (such as an account that was paid late
due to the loss of job, military call-up, or unexpected medical
bills), you may send a brief statement to the appropriate
credit reporting agency. The information will be placed on
your credit profile and will be disclosed each time your credit
profile is accessed.