Where should inaccuracies in credit report entries be disputed?

Where should inaccuracies in credit report entries be disputed?

• A. Only with the creditor
• B. With the credit reporting agency
• C. In person at a credit union
• D. With the Better Business Bureau

Answer: (B)

Disputing inaccuracies in a credit report should be done with the credit reporting agency. When individuals discover errors in their credit reports, the Fair Credit Reporting Act (FCRA) provides the right to dispute those inaccuracies directly with the agency that compiled the report. The credit reporting agencies—Equifax, Experian, and TransUnion—are responsible for ensuring the accuracy of the information they provide. When a dispute is filed, the agency investigates the claim, typically reaching out to the creditor to verify the accuracy of the disputed information. While it's also advisable to contact the creditor to address any discrepancies, the primary step for removing inaccuracies lies in disputing them with the agency itself. They have the procedures and obligations to investigate claims and rectify any inaccuracies if they are confirmed. Other options, like involving the Better Business Bureau or going in person to a credit union, do not directly address disputes related to credit report inaccuracies.

Disputing inaccuracies in a credit report should be done with the credit reporting agency. When individuals discover errors in their credit reports, the Fair Credit Reporting Act (FCRA) provides the right to dispute those inaccuracies directly with the agency that compiled the report. The credit reporting agencies—Equifax, Experian, and TransUnion—are responsible for ensuring the accuracy of the information they provide. When a dispute is filed, the agency investigates the claim, typically reaching out to the creditor to verify the accuracy of the disputed information.

While it's also advisable to contact the creditor to address any discrepancies, the primary step for removing inaccuracies lies in disputing them with the agency itself. They have the procedures and obligations to investigate claims and rectify any inaccuracies if they are confirmed. Other options, like involving the Better Business Bureau or going in person to a credit union, do not directly address disputes related to credit report inaccuracies.