If, however, the creditor resubmits the information to the repository, the repository will again list the information. It is rare that this happens, but it is something to keep in mind. If you contest the information and despite your earnest efforts, the derogatory information remains on your report, you may write a 100 word explanatory statement that will be added to your credit report. This statement will offer creditors your version of any credit delinquency that you dispute. Contact the credit repository via phone and then mail your explanation to the repository.
Many factors contribute to the inaccuracy of credit reports.
Creditors are not required to continually update information. Your credit information is usually updated every three months. You may have paid a collection two years ago but the repository still has it listed as a bad debt. Your balances may be much lower than the records held by the repository. Misplaced credit information is a common occurrence.