Rapid Rescoring in a Pinch Rapid rescoring can put the situation a little more in your control, but it’s not something you can do on your own.
He adds that commonly disputed items on credit reports “tend to relate to payment information or updates related to debt repayment programs, such as bankruptcy and credit counselling.” Other errors can include personal information errors (for example, your name could be spelled incorrectly or inaccurate addresses are listed for you) and signs of identity theft and fraud (for example, accounts that have been opened in your name that you didn’t authorize). While you may be able to fix some errors on your credit report, some information can’t be changed.
Any information that is factual and accurate can’t be changed.
Although Trans Union wasn’t able to provide specific statistics on the number of errors typically found on credit reports, they say errors are relatively infrequent.
“In comparison to the total number of credit-active individuals in Canada, we see relatively few file disputes per year,” says David Blumberg, public relations director of Trans Union.
Rapid rescoring can’t fix mistakes on your part — if you made a payment late, for instance, it can’t go back and wave a magic wand to make that go away.
And it’s always best to review your report and correct any errors ahead of time through the dispute process.Your credit report is a key part of many of your personal finance decisions, from getting a credit card to applying for a mortgage.So, what if you check your credit report and see an error?It can change within days — even within hours — as different accounts supply information about your credit activity. The good news is that when the credit bureaus receive information regarding your accounts, they typically add it to your credit report right away.They'll recalculate your credit score based on this new information immediately.For complete details of any product mentioned, visit