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Free Credit Report Help
Thursday, Jul 12, 2007
Question: Why when one receives a credit card in 2001 and last time made a payment in 2003... then suddenly his credit report shows the same creditor but with an open acct for 2006 or 2007...when it was actually opened on 2001? it makes it appear as if the person opened the same acct or another one, when it actually did not happen? Can you give me some Free Credit Report Help?
I can tell you, the typical credit reporting cycle is 90 days, or quarterly. There's quite a bit of information on credit reporting and credit reports at Bills.com: http://www.bills.com/credit-report/
Many of the larger banks and finance companies report updated information to the credit bureaus every month. However, some smaller financiers only report on a quarterly basis
- sometimes their files (keep in mind that they have millions and millions of trade lines to track) get crossed or mixed up.
You can request directly to the lender for the account to be updated, and then also request the updated information to be made accurate by the three bureaus. Depending on the lender, it could take as long as several months for updated account information to appear on your credit reports. If a particular account that you have resolved is causing your problems with your credit score, you can dispute the listing with the credit bureaus, which can speed up the reporting process. The credit report dispute process is important to understand because credit reports are notoriously
You can request directly to the lender for the account to be updated, and then also request the updated information to be made accurate by the three bureaus. Depending on the lender, it could take as long as several months for updated account information to appear on your credit reports. If a particular account that you have resolved is causing your problems with your credit score, you can dispute the listing with the credit bureaus, which can speed up the reporting process. The credit report dispute process is important to understand because credit reports are notoriously
inaccurate, and creditors are often very slow to report current and accurate account information. Each of the three credit bureaus (Experian, Equifax, and TransUnion) allow consumers to dispute credit report listing online; you can access each of the credit bureaus online through the website www.annualcreditreport.com where you can also request a free copy of your report from each company. The Federal Trade Commission also offers a guide to disputing items on your credit reports, available at
Free Credit Report Guide from FTC
I hope this information helps you solve any problems you are having with the credit bureaus, and helps you Find. Learn. Save. If you want more information, please check out: Credit Solutions
Best,
Bill
www.bills.com
Free Credit Report Guide from FTC
I hope this information helps you solve any problems you are having with the credit bureaus, and helps you Find. Learn. Save. If you want more information, please check out: Credit Solutions
Best,
Bill
www.bills.com
Also, make sure to get a free financial health check-up with Bills IQ!
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1. Posted by Cassie on Sunday 4th January 2009 23:42
When I went to view my c.r. on one of the equifax sites it said that there was a problem,and it could be many reasons. How do I find out what the reason could be and can I find out another way to check my c.r.? also, if I don't remember my previous address because I didn't live there for very long, and my current address is only 2 weeks new, how can I still find out my c.r.?
2. Posted by Bill on Monday 5th January 2009 06:06
You can check your three bureau credit report once per year for FREE at www.annualcreditreport.com If Equifax is not working, then Transunion and Experian should get you your information. Cheers.