How do I stop businesses from sending inaccurate information that appears on my credit report?

If an identity thief makes unauthorized transactions on your account, businesses still will have to report it which will show up on your credit report. In order to get a business to stop reporting inaccurate information to credit reporting companies you must send a copy of your Identity Theft Report and a letter explaining what is inaccurate. After the business receives your Report, it must stop reporting the inaccurate information to the three nationwide credit reporting companies. However, the business still can try to collect a debt, and sell or transfer the debt to a collection company. To prevent a business from collecting, selling or transferring a debt to a collection agency, you must contact the credit reporting companies and ask them to block fraudulent information.

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