Your Credit Report is Your Responsibility

A credit report is a record of the borrower’s credit history from several sources, including banks, credit card companies, collection agencies, and governments. There are currently 3 credit reporting agencies who produce credit reports: TransUnion, Equifax and Experian. NOTE: Some creditors do not report to all 3 agencies. Each agency evaluates the information they receive about you each month and assigns a credit score to you. Now, if you haven’t seen your credit report in the last 12 months, I need you to go to www.annualcreditreport.com and request your free credit report from all 3 agencies. You might not think this is a very big deal, but it is. Unfortunately, we live in a society where identity theft is real. You and only you are responsible for reviewing and disputing errors on your credit report. Some people don’t find out their identity has been stolen and their credit trashed until they are sitting at the bank applying for a loan. If this has happened to you, you know it can take months to have items corrected and/or removed from your credit report. I realize you have been victimized but unfortunately no one can dispute items on your credit report but you. Yes, there are credit repair companies out there but I caution you. There are far more scams than there are legitimate credit repair companies.

Before you pay hundreds of dollars for credit repair services, review your credit report and highlight or circle anything that does not look right. It could be your name, address, past due accounts or even accounts that are paid in full but still showing a balance. File a dispute with the agency who is reporting the wrong information. If all three credit bureaus are showing the same wrong information you will need to file a dispute with all three of them separately. Most agencies have an online dispute form and process. Simply complete the form and upload any supporting documentation like your driver license, marriage/divorce certificate or receipts as well as a copy of your report where you have circled all the wrong information. Here is the information for each bureau to make this process a little easier.

Equifax

Online: www.equifax.com/personal/credit-report-services/credit-dispute

By mail: Mail the dispute form with your supporting information to:
Equifax Information Services LLC
P.O. Box 740241
Atlanta, GA 30374

By phone: Call the phone number shown on your credit report or call (866) 349-5191.

Experian

Online: www.experian.com/disputes/main.html

By mail: Mail the dispute form with your supporting information to:
Experian
P.O. Box 4500
Allen, TX 75013

By phone: Call the phone number shown on your credit report or call (888) 397-3742.

TransUnion

Online: https://service.transunion.com/dss/login.page?dest=dispute

By mail: Mail the dispute form with your supporting information to:
TransUnion Consumer Solutions
P.O. Box 2000
Chester, PA 19016-2000

By phone: (800) 916-8800, Monday – Friday 8 a.m. 11 p.m. ET, Saturday and Sunday 8 a.m. – 5 p.m. ET.

Keep copies of your dispute letters and the documents you send with them. Each credit bureau is required to investigate your dispute and should provide an update or resolution within 30 days.