exerperian credit report?
I looked at my credit history today and I had to dispute 3 items- for example- credit card totals that I’ve already paid off!! 5 months ago. So my question is will they report these disputes to the other 3 credit report agencies or do I have to report to them? One more question once these disputes are corrected will my credit score go up? My score is 655
Public Comments
- No they do not report to each other, you have to dispute with each one. Yes it will go up a little bit, since your balances are lower as long as they accounts are still open. Also sometimes if balances are reported as wrong they will delete the whole tradeline so beware.
- No, as Roger V said, you have to dispute them with the other bureaus.You can go to AnnualCreditReport.com, pull all three credit bureaus. Then you can dispute them, but you have to have your credit report from each bureau. They will investigate for you. I work with credit for a living, but I also just finished having my disputes investigated on my own personal credit. It is a little bit fishy to me, because on a few of my disputes, the accounts were deleted with one bureau, but then the same accounts on another bureau would say that the creditor verified the account, so it wouldn't be deleted from that bureau. I haven't had time to look into this yet. My investigations were completed about a month ago and my scores still haven't changed yet. It is supposed to take 30 to 60 days for your scores to change. As far as your accounts being paid off, the credit card people might have just not reported it to the bureaus. They don't have to report if they don't want to. You might want to call the credit card people and check into it that way.
- Each credit agency is independant of each other, but the people you need to talk too are the creditor who reported the delinquency to the agencies. The agencies only report what they are told be the creditor, nothing more, nothing less. http://www.how-is-your-credit.info/WhomToContact.htm
- Hi Baby J, Actually what you've been told thus far is only partially true. In most cases, reporting an error to one credit bureau will suffice. The Consumer Data Industry Association has developed the Automated Consumer Dispute Verification (ACDV) system, which automatically reports corrections to all major bureaus. The problem is that not all creditors participate with the ACDV system. Thus, you should cover yourself by checking with all three agencies to ascertain the correction was made universally. However, I also recommend going straight to the creditor first. The reason is that credit bureaus have thirty days to investigate and correct information. You can accelerate the process by sending evidence to dispute false information, but thirty days can be a long time to wait. With that said, if you find the creditor to be especially difficult, contact the credit bureaus and make your dispute. As for the effect on your credit score, updating this information should improve it. The reason is that the ratio of credit borrowed vs. available credit will lower your risk to creditors for future borrowing (credit cards, mortgages, auto loans, etc.). Though how much your score will increase is dependent upon too many factors for anyone to accurately guess. Hope this helps, -Ted
