To remove a lender's name from a credit report, file a dispute with the three major credit bureaus (Equifax, Experian, and TransUnion). Include supporting documents like loan agreements or payment records to verify accuracy. If the entry is outdated or erroneous, the bureaus are legally obligated to remove it under the Fair Credit Reporting Act (FCRA). Additionally, contact the lender directly to request deletion, though they are not required to comply unless the information is proven inaccurate.

The FCRA mandates that credit bureaus correct or remove unverifiable data within 30–45 days. A 2019 Federal Trade Commission (FTC) study found that 1 in 5 consumers identified errors on their reports, with lender-related inaccuracies often involving outdated accounts or closed loans. The Consumer Financial Protection Bureau (CFPB) reports that disputes resolve 70% of the time, but persistence is critical—only 34% of consumers receive full corrections without follow-up. Lenders cannot manually remove entries unless legally compelled, making bureau disputes the most effective method. For example, a 2021 CFPB case resolved a $1.2 million penalty against a lender for furnishing incorrect data, underscoring the importance of proactive disputes. Legal action may be necessary for severe violations, but most cases are resolved through formal disputes and documentation.