A new government watchdog agency, the Consumer Financial Credit Bureau, will be keeping an eye on major credit reporting companies to make sure they handle consumer complaints. A recent study found that 79 percent of all credit reports have some kind of error.
To dispute a credit report with the CFCB, go to www.consumerfinance.gov. Consumers can also receive free copies of their credit reports every 12 months from AnnualCreditReport.com.
This is the only authorized source that provides free disclosures from the three major national credit reporting companies - Equifax, Experian, and TransUnion.