Comments on: Erroneous Information On Your Credit Report

By: Lua

Lua — Sun, 10 Dec 2006 03:53:15 +0000

I had a problem with my credit report too. One was that there was a credit card which I never received and the other was an ‘overdue’ loan payment. When I called the bank they said the payment was considered late because I refinanced the loan and they reset the loan as a new one. So now the credit bureaus show that I have two loans, or really the same loan twice, at that bank. When I started to pay on the refinanced amount it shows up as the original loan being two months late. I had a horrible time getting the bank to fix it because they were saying the loan is not late on the phone, but it was showing up on Experian as late. I got it fixed but it was just a good thing I caught that in time and fixed it before it lowered my credit score.

By: dePriest

dePriest — Fri, 08 Dec 2006 18:45:24 +0000

I want to add that people may prefer to call the number for their free credit reports (877-322-8228). I couldn’t get mine online last year because I had paid for them the year before, and the agencies (none of them) would let me change my long-forgotten passwords to access my reports. Sure, they’re instantly available to when you order online, but it only takes 15 days or less to get them via postal mail. I, too, order one every four months from a different agency to spread them out and keep an eye out for suspicious notations on my reports. eRock, I have a credit card that puts my FICO score on their website so I can access it any time. It really came in handy when we went to get a mortgage loan, as we knew what to expect. Maybe your credit card companies (if you have cards) make this option available online. Mine is free of charge (yay! something worth having, for free).

By: wanzman

wanzman — Thu, 07 Dec 2006 16:23:52 +0000

Matt – If you go to FICO.com, you can sign up for a free 30 day trial and then you are able to view your FICO score, and it also explains what factors are affecting your score, and what you might do to raise your score. Just be sure to call and cancel the trial before the 30 days is up, otherwise the score-watch service costs 90 bucks a year.

By: William Wallets

William Wallets — Thu, 07 Dec 2006 15:51:08 +0000

Hey, great post.

Just another thought that I had. If you don’t have a credit monitoring service (haven’t made up my mind one way or the other) it is sometimes a good plan to just use your free credit reports from 1 of the 3 bureas every 4 months. This way, you can rotate burueas and not have to just get all of the information from the 3 bureaus at one point in time.

Thanks!

-William
A Financial Revolution

By: Matt

Matt — Thu, 07 Dec 2006 14:38:45 +0000

I agree great post, thanks for the reminder about checking your credit report. I’ve been meaning to do this for a while and it just left my mind. I should see about getting a copy of mine pronto.

By: eROCK

eROCK — Thu, 07 Dec 2006 14:35:52 +0000

Jim, excellent post! Every time I’ve tried through Equifax or an alternative, it seems like I can’t do it without my credit card, so this was great. I actually found a few accounts I totally forgot I had!

On another note, it’s unfortunate we’re not entitled to a free report of our FICO score.