[oldsoapy2]

Just concluded checking out my free annually credit report Equifax. There records do not jive with mine. Shows wrong prevouis address. No information
On credit card payment.Its almost like I do not exist? Strange! Can someone help? Paul

[Dr D]

To make corrections in your credit report, you have to send a letter disputing the errors. The credit bureaus have a form for this. While you are at it, you should also get your report from Experian and Trans Union. Some creditors report to all three bureaus; some to two, and some to only one. That is why when you get a mortgage, reports are pulled from all three bureaus. You might try providing Equifax with your credit card information and ask them to verify it and enter it on your report. Correcting your report(s) can be an aggravating and lengthy (60-90 days +) process. I have seen people dispute the same error several times to no avail. The bureaus have a "speedy" correction process that can be costly; about $75/trade line/bureau,which might do a fix in days, not months.

Good luck

[oldsoapy2]

Thanks Dr D
Sound like and error made by the bank in Bank of Hawaii in Kauai where we made the loan for our son.. You think its worth the effort to straighen
This out? Paul

[CaptainForest]

Sound like and error made by the bank in Bank of Hawaii in Kauai where we made the loan for our son.. You think its worth the effort to straighen this out?

I would say yes.

However, if you never plan on trying to get a loan/line of credit ever again (or within 7 years) then there is no need to.

However, you don't know what your life will be like in 5 years, 6 etc. Correct it now, and save yourself any problems that might arise down the road.

It is not costly to fix it now, just takes a bit of time.

[Dr D]

My advice is to dispute ALL NEGATIVE errors on your report. Minor errors such as an incorrect previous address, or an old, closed, satisfactory account should not matter. It is possible to remove derogatory information which IS correct; for instance an old paid collection. The Fair Credit Reporting Act gives the credit bureau about 30 business days to investigate a disputed item. If the creditor does not confirm the accuracy of the item, then the bureau must remove it. Sometimes the creditor has purged old (especially paid) items from their data base, or is just too lazy to respond. I believe that the bureaus have the power to discard "frivelous" disputes. How they determine this I am not sure. If you are trying to pick which items to dispute, consider calling the collection agency, give them the # of the paid acct and ask them to look it up. If they can't find it for you, they won't be able to find it for the credit bureau