Is your credit report right?

You’ve tackled the taxes, made your list of spring cleaning projects, and maybe you’ve even started thinking about what you might plant now that the snow is melting. But I have one more spring project for you: checking your credit report. It’s good for your financial health, and it’s free.

You might be surprised at what’s in your credit report: details about your loans or credit — from home loans to store credit cards — and whether you’re behind on any bills. It also shows whether you’ve been sued or arrested, or have filed for bankruptcy. The three nationwide credit reporting companies sell information from your report to lenders, employers and other businesses that consider your applications for credit, work or renting a home. So, if you’re planning to buy a car, get a loan, or apply for a job, it’s time to see what’s in your report.

Under federal law, you’re entitled to one free copy of your report from each of the three credit reporting company every 12 months. Go to annualcreditreport.com to order. When you order is up to you — order all three at once, or request one report every few months. Financial advisors say spreading your requests over a 12-month period is one way to monitor what’s in your reports and possibly spot problems.

Your Source for a Truly Free Credit Report? AnnualCreditReport.com

Once you have your report, read it over to see if it’s correct. If you notice something that doesn’t look right, contact the credit reporting company and the business that provided the information. Checking your report also can help you guard against identity theft. Visit ftc.gov/idtheft if you spot accounts that aren't yours.

Tagged with: credit, credit report
Blog Topics: 
Money & Credit

Comments

I have been trying since 2012 to fix my credit report and neither the 3 credit bureaus or the alleged companies that said I owe money despite proof I do not still have it on my report and there is no where to go to get it fixed. I did everything by the book.

If you disputed the item with the credit bureaus and it wasn't removed from your file, submit a complaint to the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/complaint/#credit-report.

In this line you should add 'in writing via their dispute policy':
"If you notice something that doesn’t look right, contact the credit reporting company 'in writing via their dispute policy' and the business that provided the information."

How can you correct your report when no one wants to listen? I have a collection agency who has ruined my credit. They have called friends, work and family telling everyone that I am being charged with fraud! I had loans out but have paid twice as much back and every time I ask which loans are paid off or which ones I still owe they refuse to tell me. I get three emails a week from this agency all with different email address and amount owed. I was told once that I had over paid and they would refund it. However, guess what? They found another loan that I owed and they would apply that to this new account? I can get nowhere with this group and now they said that I would be charged in 14 days and would never get another job, take my SS and monies if I did not reply w/in 12 hours which I emailed back asking the same questions that I have always asked: 1) which loan agency (not ACS/ACE), 2) date of this loan, 3) when was this put into my account and just how many loans did I "have" and how many have I paid off? Everyday I get email, "background check done on you" and that does not help my credit!!!!

It's against the law for a company to not give you proof of the debt, or to tell other people, including your family members, friends, and employers, about the debts. Debt collectors also can't lie, and say they are lawyers if they aren't. You have the right to sue a collector in a state or federal court within one year from the date the law was violated. The FTC’ s article Debt Collection has information about your rights.

Report problems you have with a debt collector to your state Attorney General’s office, the Federal Trade Commission, and the Consumer Financial Protection Bureau.

Very Good Information

Good luck with the CFPB! They're about as dense and useless as the credit agencies.

Thanks for the valuable information and God bless

I will this 2015,get my credit report every 6 months,any thing from any person,business,or made-up information will be noted to the F.T.c.and put in court any part of the court system I can put them in.

My credit has been screwed up since 2004 when we consolidated our debt on a refinance of our primary residence and paid all debts off. Somebody got in and messed us up bad. The big three can't get it straightened out.

Under the Fair Credit Reporting Act, both the credit reporting company and the information provider (that is, the person, company, or organization that provides information about you to a credit reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights under this law, contact the credit reporting company and the information provider. Read Disputing Errors on Credit Reports for more information.

Didn't you watch 60 minutes program regarding many people proving banks and credit cards failed to remove incorrect false info. No matter if you have proof that you do not owe anyone any money they still leave bad info on your credit report. The three credit bureaus do not follow the law and remove bad financial items you can prove are wrong. When is the federal government going to enforce laws they have written? What a joke! I have notified Medicare until I am "blue in the face" about false medical records and they still pay doctors for never providing any medical care and even harming my health. None certified letter of complaint will be received by my Senator Barbara Boxer to please tell Medicare to stop paying doctors I reported in 2004 still writing completely false medical record for me. Our federal government is now a Joke and I am not laughing about it. Corporations have bought and sold each Congressional seat.

I have a dispute with the holder of my husbands truck loan. I wrote to them as well as the 3 credit reporting bureaus with my proof of payments not being late for the months in question. I heard back from the credit bureaus saying they "updated" the info, yet nothing they sent us looks updated. It's been since January and I have not heard from the Credit Union the loan is through about my dispute. Very frustrating. Wondering if I should have a statement put on my credit report regarding my dispute and the lack of response from the Credit Union the loan is through.

This article has information about what how to dispute errors and sample letters you can use in your dispute. The article says that if the provider continues to report the item you disputed to a credit reporting company, it must let the credit reporting company know about your dispute. If the information you dispute is found to be inaccurate or incomplete — the information provider must tell the credit reporting company to update or delete the item.

Laws and regulations are consistently ignored by the big 3. Reporting those violations to governing authorities is an exercise in futility. Best bet, all communications should be in written form, keep a cool of everything including your request that all communications be in written form.

This is a joke. I have tried 4 times to request a credit report; twice from Trans Union, once each for the others. Each time I get "Unable to verify your identity". There's not even a hint of why, which makes the whole process very frustrating. Can't they give a reason or an area they are unable to verify?

Thank you for your comment. If you were unsuccessful getting your reports from annualcreditreport.com, you might want to click on the “Contact Us” button on the site’s homepage and follow the prompt. If you were trying to contact each agency independently to purchase a report, here are their web addresses and toll-free telephone numbers: Experian-1-888-397-3742 (www.experian.com); TransUnion-1-800-916-8800 (www.transunion.com); and Equifax-1-800-685-1111 (www.equifax.com).

Two questions: a paid agreed judgment was paid within 30 days of agreed court order in July 2013. Now it appears as unpaid in February 2015. Who is responsible for putting the info on a report? I feel an adversarial adult daughter saw to it the negative info was added to harm me. 2. Soft inquiries are said to not count etc. However, the entity making the request, gets access to your report. How can I find out which division/dept of AMEX made six inquiries six months in a row during litigation with an executive employed by AMEX? Inquires must be coded.

If you find mistakes when you review your credit reports, send letters explaining the mistakes to the 3 credit reporting companies and the businesses involved. This article has information about what to do and has sample letters you can use in your dispute.

Has anyone had experience with a 4th bureau containing the name of a major legal research firm LEXUSNEXUS? Are law firms/lawyer permitted to pull a credit report on clients, witnesses, opponents in legal actions or potential legal actions?

In December 17,2014 I went to a dealership named Clay coolie to inquire about a vehicle and signed papers and they ran my credit report twice in the same day when I talked to the manager concerning this matter he disputed that that had occurred when I informed him that I had proof that it had occurred, they wouldn't take out of my credit report hod do one have this removed.

If you were turned down for credit based on information in your credit report, you may be able to get a copy of your report for free. The Fair Credit Reporting Act requires the creditor to give you a notice with the name, address and phone number of the credit reporting company that gave the information. If you got that notice, you're entitled to a free copy of your credit report. Contact the credit reporting company to get your report.

If you find mistakes in your credit reports, send letters explaining the mistakes to the 3 credit reporting companies and the business that gave the mistaken information. This article has information and sample letters you can use.

I experienced my old car loans compiling to one line that said Paypal/Gmac. I do not like this it looks nicer to say I paid off my Impala in full on one line and on another I paid off my Dodge Chager. Last, why would a fraudulent Pay Pal Balance be added in a Paid in Full Comment? I believe this was a rc helicopter engine a bought on Ebay and left a bad feedback on because the needle valve was missing. I know I got a complaint, the seller left a negative feedback in reply to my negative feedback. Apparently Credit Comments Compile!

Watch out for the credit report companies - when asking for a copy of your FREE report for the year. I went to get my report from Experian and they charged me $1.00 for the report but n the same breath signed me up for a trial period of service then contined to charge me 22 with no warning that I had signed up for anything or that there was some kind of trial period then they were going to charge me.

The only place to get a truly free credit report is at
 annualcreditreport.com.

The Fair Credit Reporting Act requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.

Some websites claim to offer “free credit reports,” “free credit scores,” or “free credit monitoring,” but they are not part of the legally mandated free annual credit report program. Sometimes those “free” product sites sign you up for a supposedly “free” service that changes over to a for-pay service after a trial period. If you don’t cancel during the trial period, you may be giving the company permission to charge your credit card.

How do I find a safe and free credit reporting agency?

The Fair Credit Reporting Act requires each of the nationwide credit reporting companies (Equifax, Experian, and TransUnion)  to provide you with a free copy of your credit report, when you ask for it, once every 12 months. Go to annualcreditreport.com to order your reports.

I have 2 inaccurate items on my credit reports .. The credit reporting agency is claiming t they have k know contact information for the creditor n not even a a name. Is Equafax required by law to at least t provide basic information on the creditor reporting the debt ?

Under the Fair Credit Reporting Act, both the credit reporting company and the information provider (that is, the person, company, or organization that provides information about you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take full advantage of your rights under this law, contact the credit reporting company and the information provider.

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