Your credit rating is a record of how you have paid your debts over a period of time. You would want to repair your credit rating if it was based on incorrect information. Some credit rating history is inaccurate because the information being reported does not belong to you.

Consumers would want to repair their credit rating if it is inaccurate and based on other peoples information. People with the same or similar names or different family members often have their credit information transposed or mixed.

Sometimes people have incorrect social security numbers or other misidentifying information. Banks and credit card companies routinely submit inaccurate credit information to the credit bureaus through servicing agents such as First Data, Fiserv or Jack Henry who are the ones actually submitting information on behalf of banks, credit unions, finance companies or credit cards. People often have disputes with American Express, Visa or MasterCard and the disputed charges appear on credit reports. This can hurt their credit rating, which may require repair or correction.