The information that comprises your credit history is not sent by you rather than that it is sent by your creditors. Despite of all the fact, you are the one who is responsible for the accuracy of the information about your financial life that is present in each of the three credit reports.
You should expect that there will be some problems in your credit report. It has been shown by the statistics that approximately 70% of all reports contain at least one error. Due to these mistakes sometimes you can be turned down for a loan or a credit card company may charge the highest interest rate on a credit card.
It’s not very much difficult to get rid of these mistakes, it is just time consuming. As the process of correction is slow, it may take weeks or sometimes even months for you to get these mistakes correct, you may have to make phone calls and exchange of real mail or e-mail takes place between you and your card company.
Steps to correct mistakes
There are standard procedures by which you can get rid of mistakes on your credit report.