Why does my credit report show accounts I never opened? Moreover, the report also shows my accounts as delinquent, even though I always paid on time. I knew that I should verify all the reports, from all 3 credit reporting agencies and I observed that all of them report the same errors. I want to get the information corrected because these errors make my credit score drop a lot. Please, give me any advice on what I can do.
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There are two reasons, why your credit report shows wrong information. Firstly it might happen because of the wrong information reported from the source. Your lender could provide data with errors to the credit reporting agency. The second reason is that the CRA could mix your files with someone else’s with a similar name. I suggest you review your reports one more time, to gather proof and to mail a dispute to the credit reporting agency with all the wrong information from your credit report. If after the dispute, the CRA doesn’t come back with any response, the only way to correct your information is to sue the company. In case of a lawsuit, you should definitely hire a consumer protection lawyer for legal assistance.