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Adding Positive Information to Your Report
You have received your credit report and have noticed that there are accounts that you were current on that have not been added to you credit file. According to the Fair Credit Reporting Act (FCRA) you have the right to add information that will show a more positive credit history. Since you are trying to build a new positive credit file these are accounts that you really want added to your report. Of course, if there are other accounts missing that are not in good standing you may want to leave them be. Occasionally a creditor may fail to report delinquent accounts. However, there is the potential they will come on at a later time so you may want to consider subscribing to a credit monitoring service that will alert you of changes to your credit report. When this happens you may attempt to dispute them as discussed in the previous article (Erasing negative information). How to add positive accounts: Contact the credit bureaus listed on your report by letter and request the accounts be added to your file. Be sure to include copies of current statements of the accounts you are requesting to be added. The credit bureaus will in turn contact the creditors and if the information that you gave is confirmed to be true, the item/s will be added to your credit file. As an additional measure you could also call the creditor personally and ask that they report the missing account to your report. You may have to pay a small fee for this service but in the long run it should be worth it. Don’t forget to request you be notified when the file is corrected. If you have not been notified within 45 days that the corrections have been made you could send a polite follow-up letter asking for an update of the progress |
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