A bad credit report could be a result of:
Clerical mistakes: This includes typing mistakes in your name, address, phone numbers, account numbers, amount, etc. A slight displacement of figures in the social security number can identify you as somebody else. Therefore, the process of clearing your credit report starts with reading for spelling and clerical mistakes.
Bad payment history: If you missed payments or allowed your account to get into collections, the payment history section will show this and your credit rating will dip significantly.
A letter is the preferred mode of communication for clearing your credit report. The key to writing a successful and a convincing credit report letter is to substantiate your claims with proofs. One should try to keep the letter as precise as possible, with professionalism and courtesy maintained at all times. Do not try to sensitize the reader, rather highlight the errors and request for corrections with due reasons. Do not threaten the credit agencies.
Follow these steps to increase the chances of clearing your credit report quickly:
Get copies of your credit report and highlight the areas of the report that you are disputing.
Send the copy first to the creditor asking for corrections.
Send another copy to the credit agency with attached proof.