Maintaining a solid credit history is an important part of managing your
finances. A good credit record can make future borrowing easier and help you
qualify for lower rates. Three large credit reporting companies compile
credit reports on millions of individuals and make those reports available to
businesses. Making sure the information in those reports is correct is
You can request copies of your credit report by
contacting the companies.
Experian - 888/397-3742
Equifax - 800/997-2493
TransUnion - 800/888-4213
Do not be surprised if the reports are somewhat different. Each company
gets information from many sources. If you find the information in your file
is inaccurate or unfair, you can take steps to correct it or at least get
your side of the story attached to your file. If a creditor has made an
inaccurate complaint, you can write to the creditor and insist the record be
corrected. You should also write to the credit bureau and request their
records be corrected.
To review the credit record of a business contact Dunn & Bradstreet at
(800-234-3867). There is a charge, but the information is useful. You can
also order from their Web site.
Having an inaccurate credit report can cause problems at the worst possible
times. Review your credit report annually and make sure it is accurate. A
solid credit record and an accurate credit report are valuable assets.