How to Refresh Your Credit Report
Having correct and updated credit is important, since negative or incorrect information can damage your ability to rent or purchase a home, obtain credit or insurance, open a bank account and even get a job. According to a study conducted by Public Interest Research Groups, 79 percent of credit reports contain mistakes, so it is wise to make sure your credit is correct. Consider taking some simple steps to refresh your credit report.
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Instructions
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Visit AnnualCreditReport.com to access a current credit report from all three credit bureaus: Equifax, Experian and TransUnion. You might not be able to access your credit reports online, so request them in writing by providing your name, current and former address, Social Security number, date of birth and signature. You might need to provide a copy of your identification or other supporting documentation, so make sure you check with the credit bureaus for their requirements.
Equifax Inc.
P.O. Box 740241
Atlanta, GA 30374
(888) 685-1111
equifax.comTransUnion
2 Baldwin Place
P.O. Box 2000
Chester, PA 19022
(800) 888-4213
transunion.comExperian
P.O. Box 9595
Allen, TX 75013
(888) 397-3742
experian.com -
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Check each of your credit reports for any errors or inaccuracies. If you find discrepancies, complete dispute forms online or call in your disputes over the telephone, but to do either, you must have a current credit report. If you are unable to complete online disputes, write to each credit bureau. Either way, clearly explain any errors and request an investigation. Credit-reporting agencies have 30 days to contact your creditors and verify your claims. After the 30-day period, the credit bureaus must inform you in writing of their findings. If any changes were made, you'll receive an updated, free credit report.
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Follow up by calling your creditors to ensure that they report any corrections and updates to all three credit-reporting agencies. You might want to familiarize yourself with the Fair Credit Reporting Act so you know your rights.
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Tips & Warnings
Adding a consumer statement on your credit report is an option, if you want to clarify or explain any updates. A consumer statement will remain on your credit report until you request its removal, and lenders might take it into consideration when granting credit.
Never send originals when requested to send supporting documentation. Use certified mail for legal, verifiable proof of your communication, and keep copies of all correspondence.
