You can write to the credit reporting agency. You can get a free copy of your credit report each year. You may need to send proof that the information is incorrect, such as a copy of an invoice that contains the correct information. That means a copy of each of the three companies that write your reports.
Mobile phone companies and insurance companies also look at your credit report.
How do I find out my debts on my behalf?
In the meantime, closing one of these accounts may have an indirect positive effect on your credit rating. The debts are not sold to a new collection agency, which could create another collection item on your balance. Your creditor can either hire a collection agency to collect the debts and pay the collector a fraction of the proceeds, or simply sell the debt directly. By getting organized, checking your credit history, researching your debts, and getting rid of fraudsters, you are in an excellent position to take a step towards a healthier financial future.
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Barry Ritholtz is a renowned finance expert, author and blogger. With over 30 years of experience in the financial industry he has gained a reputation as a thought leader and influencer in the investment community.