My problem is thatI share a mailing adress and the same name as my father. His credit is rock solid, but I am scared that having too many accounts on my credit report makes me look like a high risk. The accounts showing up on my report are credit cards with huge credit lines, but zero balances and he has had them for quite some time. From what I understand that makes me a credit risk if I factor in my couple of credit cards with much smaller balances.
2007-09-11 08:13:14 · 5 answers · asked by Frank R 7 in Business & Finance ➔ Credit
I considr huge the 75k when I can only get about 8k.
2007-09-11 11:07:39 · update #1
Order a copy of your credit report from all three bureaus (if you have not already). Go over each report and find the accounts that are not yours. Make copies of those pages and highlight them. Send a letter to the credit bureau stating your problem: basically that you share a name and address with your father, but those accounts are his and not yours. Ask them to remove the accounts. Also remind them that they have 30 days to prove that the accounts are your or remove them. Also ask for an updated copy of your credit report so you'll know everything is settled - by law, they must give that to you.
Other than that, it's simple.
Good luck!
2007-09-11 08:34:32 · answer #1 · answered by YSIC 7 · 1⤊ 0⤋
What do you consider a "huge" credit line? $20k? $100k?
Just a thought...but the main reason to be worried about when incorrect info is on your report, is if it's negative info.
You have a couple of old, established accounts, fairly large credit limit....and you claim your father is a great credit risk?
It is not necessarily true that his huge limit will hurt your score. Did you pull your credit score recently? If it's high you can probably thank your father for that! I would consider leaving them on your report, especially if you are contemplating buying a car or home.
But if you want them off, you simply follow the dispute procedure. Send a letter to the credit bureau and say they are not your reports.
Get your credit report from http://www.annualcreditreports.com and they dispute address will be there.
2007-09-11 09:36:26 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Write to all the credit bureaus and indicate that you are NOT the person who ordered the accounts placed in your name. THEY ARE NOT YOUR ACCOUNTS. Try to find out who the CEOs are that run each bureau and send each one a "certified letter." This will be better than just sending blind letters to the three credit bureaus and finding out that nothing happened for you. Remember this, What shall we then say to these things? If God be for us, who can be against us? - Romans 8:31. The Lord daily loadeth us with benefits, even the God of our salvation. Selah. - Psalm 68:19. Peace and God Bless.
2007-09-11 08:28:25 · answer #3 · answered by In God We Trust 7 · 0⤊ 0⤋
I don't think that's true if he had high balances then maybe but sounds more like a benefit that a risk
2007-09-11 08:19:48 · answer #4 · answered by Anonymous · 1⤊ 0⤋
have credit bureaus validate the social security number
www.creditinfocenter.com
2007-09-11 08:22:35 · answer #5 · answered by Anonymous · 1⤊ 0⤋