It is estimated that about 3 out of 4 credit reports contain some sort of inaccurate information on them. The first step to take is to become informed whether there is an error on your credit report. You can do this by getting a copy of your credit report and reviewing it. In order to get a free credit report, you may go to www.annualcreditreport.com or call 877-322-8228. You have access to one free credit report per year from each of the three credit bureaus. So the best way to request your credit report is to request one from a different credit bureau every 3-4 months.
If you learn that your credit report contains information that is inaccurate, The Fair Credit Reporting Act allows you to challenge any information which you believe to be inaccurate. If the information is not verified within a certain amount of time, the Act requires it to be automatically removed. You have to report inaccuracies with each of the credit bureaus individually.