Format in which to write a credit bureau about credit they don't have?

Question

Someone said I should write to Equifax and Experien and tell them about a car loan that I have that is listed on my Trans Union report, but not those two. Is there a specific address I need to write to get them to both list the loans and what should the letter say? (Name of account and account number, balance.) Should I update anythign else they might have incorrect? (Equifax has nothing correct.) And actually Tran Union has my old work place of like 6 years ago, should i have them change that too? Thanks!

Answer 1

Your credit report is YOUR responsibility. If you want it to be maintained accurately, YOU have to check it periodically and inform the credit bureaus about errors. There is no government agency that does this and no watchdog group to oversee them. To make matters worse, the credit reporting agencies DON'T CARE if the information they collect about you is correct or accurate. All they care about is making a dollar off of your name. That is why it is up to you to monitor your credit report constantly. I personally recommend every three months, but as a minimum you should be doing it once a year.

There is no particular format you need to use to have the information disputed or corrected or even added. All you have to do is write a letter giving them the correct information and ordering them to update your file. Or you can hire someone to do it for you. I would be happy to do it for you. But that would cost you much more than the price of a piece of paper, some printer ink and a stamp and envelope.

Once you have issued them the order to correct, add or modify information about your report they have 30 days to comply. Make sure you do this right, though. Certified, return receipt mail. And do yourself a favor, keep the receipt. I cannot tell you how many times my clients have used the return receipt and then thrown the receipt away.

If you have any more questions about your credit issues you may email me at [e-mail]

Answer 2

check these links out

http://www.bad-credit-advisor.com/credit-report-dispute-letters.html

http://www.creditinfocenter.com/forms/