| A credit report generated by three major credit | | | | If there are any errors or discrepancies in your credit |
| bureaus. The report has information about your | | | | report, then you need to once again let them know |
| employment, the way you have paid your bills and | | | | in writing about the information that you believe is |
| details about major financial transactions in which you | | | | incorrect. The letter should have your complete name |
| were involved. It also includes details about any loans | | | | and address, each part of the report which you are |
| or payments on which you have defaulted and also if | | | | willing to dispute and copies of documents which |
| you were arrested or have filed for bankruptcy in | | | | support your claims. It would be better if you keep a |
| the last decade. In short a credit report is what | | | | copy of the letter with yourself as well. |
| determines your credit worthiness to businesses and | | | | Then it is up to the agency to review the information |
| financial organizations across the world. The credit | | | | which you are disputing. They will then reinvestigate |
| bureaus sell your information to major banks and | | | | those parts and if there are any errors correct it. For |
| financial agencies across the world. | | | | example, if there is an account which you cannot |
| The Major Credit Bureaus | | | | identify and have not opened, and then you need to |
| There are three major bureaus. TransUnion, Equifax, | | | | report it. It may even be a case of fraud. It is also |
| and Experian. There are many small time bureaus as | | | | called as identity theft and millions of people are |
| well but they are affiliated to one of these three | | | | falling prey to it. Hence it is always recommended |
| majors in the field. | | | | that you keep checking your credit score. |
| A Clean and Error Free Credit Report | | | | Online Credit Report |
| It is extremely important to have an accurate, clean | | | | An online credit report is the latest addition to the list |
| and error free credit report. If you have applied for a | | | | of services that credit bureaus provide. When you |
| loan and have been denied it due to a bad credit | | | | sign up with these credit bureaus for their services, |
| report, then the lender will give you the name and | | | | you are allotted a unique log in id with which you can |
| telephone number of the credit agency that gave | | | | easily access credit reports from all the leading |
| the report. If you contact them in writing within 60 | | | | agencies. It includes all reports from all three major |
| days of being denied, then you can get a free copy | | | | credit bureaus, viz. Equifax, Experian and TransUnion. |
| of your credit report mailed to you. Even otherwise, | | | | This is an excellent service because it reduces the |
| you have a right to receive at least once copy of | | | | time factor by a huge margin. Earlier, it took days for |
| your credit report every year. Even if you wish to | | | | the credit report to reach you after you wrote or |
| review your credit report at any point of time, you | | | | got in touch with the agencies. Now, thanks to the |
| simply need to get in touch with one of these credit | | | | online credit report, all that you have to do is click on |
| report agencies. | | | | the website and log in. Viola! You have access to all |
| If There Are Errors | | | | the information that you need. |