Red flashing ring on x-box 360

Xbox 360 Red Ring of Death Fix Kit

The e74 is an overheat issue. It's also know as the red ring of death (rrod). It is very, very common. The link above covers the entire disassemble and re-assemble of an xbox.. That is if you chose to go that route to repair.

If you have a local Gamestop, they may be able to repair it for a fee.

Typically two Red lights mean an overheat condition.

You can check your error codes here:
Xbox 360 Flashing Lights Solution

An E74 error is indicated when the lower-right quadrant of the ring indicator flashes red and displays an error message in multiple languages: "System Error. Contact Xbox Customer Support", with the code E74 at the bottom . The error is caused when there's a video problem, because the Xbox 360's hardware scaler chip is damaged.

Start the repair process online.

Microsoft covers repairs for the E74 error for a period of three (3) years from the original purchase date of the console. If you are outside the initial three-year warranty period, you can still receive console repair service from Microsoft for a fee for the E74 error. For more information about the E74 warranty extension, see the following article:

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The E74/E6x/E4x/E8x are famous error codes that have plagued many Xbox 360 gamers. This error codes will be displayed on your screen, each indicating different problem with your Xbox 360. It's usually defined by the single red light or 1 Red Light Error lit up at lower right quadrant on the Red Ring of Light on your Xbox 360 console.
E74: There is high chance it's a scaler chip problem (the "ANA" or "HANA" chip near the AV cable connection) it can also be caused by a faulty AV cable so check that first. In some cases it is a problem with the GPU and may be repairable by using the Xbox 360 Repair Guide. Xbox 360 E74 error has reported to increasing a lot for the newer Xbox 360 version.
Hope this was helpful?

Red Ring of Death: Red Flashing XBOX 360 Lights Explained Common Xbox 360 Red Ring Errors The XBOX has a reported 54.2% failure rate which makes the XBOX 360 gaming consoles' worst "lemon" to date. If you find yourself with the red flashing lights error, --> follow this guide to try and pinpoint the problem with your XBOX 360.

1 Red Ring = Serious Hardware Failure
I f your XBOX 360 has a 1 red flashing light error, you're more than likely in big trouble. The 1 flashing red ring of light can be due to GPU or CPU failure, RAM overheating, a DVD drive error, or some serious problem with your Xbox 360's internal components. The most common 1 flashing red ring lights error is the E74 error. The E74 error is no easy fix for the Xbox 360 and usually has to be repaired by the manufacturer [though some have managed to repair it with the heat gun trick - but be careful]

2 Red Rings = Overheating
Mostly all red flashing lights on the Xbox 360 rings are due to overheating in some way or other, but the 2 red rings singles out overheating as the main issue. When doing the X-Clamp fix the 2 red rings are required to fix the Xbox 360 by overheating the CPU. If you get this Xbox 360 error without doing the X-Clamp fix, you probably just need to let your Xbox 360 cool down for a few hours. Make sure that all vents aren't blocked off and that your Xbox fans are working properly in order to repair this problem.

3 Red Rings = Basic Hardware Failure
The most common error on the Xbox 360 is the 3 red rings - also known as the Red Rings of Death (RRoD). This flashing lights problem is the main cause of Xbox 360's 54.2% failure rate. The 3 red flashing lights can be due to lots of different errors but is mainly due to the X-Clamps in your Xbox 360 and overheating. Fortunately, lots of people were able to fix this issue using the X-Clamp and heat gun fix. Follow this list of error codes to find out the real issue with the 3 red rings because there are quite a few of them.

The Xbox 360 e74 error is a rather common problem on Xbox consoles, with similar roots to the now infamous red ring of death problem.
The e74 issue is actually caused by a problem with the scaler (ANA or HANA) chips located next to the graphics processor inside your Xbox 360.
It is believed that the error with the scaler video chip which causes the e74 error on your Xbox 360 is caused by overheating. This is also the cause of other errors such as the no video problem, as well as red lights in the power ring of an Xbox console.

To fix the Xbox 360 e74 code, there are a few steps you need to take-
1. Firstly, leave this article open, go to your Xbox 360 console and then remove the AV cable. Blow any dust out of it, then re-insert it snugly back into the console until a clicking is heard. Power on your console again and see if the problem has been fixed.
2. If that does not work, borrow another AV cable (get one off a friend or family member, or from your local video game rental shop) Try using this one in your Xbox 360.
3. If replacing the AV cable does not work, then you will have to repair the scaler chip and graphics processor inside your Xbox in order to fix the e74 problem. To do this, you will need an Xbox 360 repair guide, which will contain the video instruction files you need to be able to fix your console properly. You cannot fix the e74 yourself without one.
It is important to note that most Xbox repair guides focus on fixing the "red ring of death". However, the process for repairing the e74 will also be covered in the same guide as well, as it is extremely similar.

one red light is also the E71 error as well.

What is the error code at the bottom of the screen & check for flashing red lights on the power button if 3 illuminate it the infamous RROD(Red Ring of Death-google it) which you will get a free repair for if its the bottom right quadrant flashing red then its most probably E74 or E61. E61 is a hard drive related problem so try playing without it, & E74 is the AV cable snapped inside or the GPU/CPU inside the xbox 360 has weak solders on it, I suggest MS support ASAP.

I HAVE E74 PROBLEM ONE RED LIGHT IF NOT RING OF DEATH WHAT IS IT?