In the United States, there are four credit reporting bureaus; Equifax, Experian, TransUnion, and Innovis. You've likely never heard of Innovis, and that is because that bureau doesn't currently have any effect when credit worthiness is being calculated.
Your credit report, as issued by the three main bureaus, is the main factor that determines whether you are or are not approved for a loan of any kind, including a mortgage.
The managers of the credit bureaus and the people who enter information into each person's credit report are all humans, and because they are humans, they can make errors. It is of the utmost importance that each person gets copies of and checks their reports for errors. Sometimes errors can be corrected with a phone call or through snail mail. The difference that one little piece of erroneous information in a credit report can make is enormous. It can be the difference between credit being granted or denied. It can make thousands of dollars worth of difference in interest that will be paid.
You can get copies of your three credit reports by calling these numbers:
If after checking your reports, you find errors, you can contact the three credit reporting bureaus at these addresses:
PO Box 9556
Allen TX 75013
Equifax Information Services
PO BOX 740256
Atlanta, GA 30374
Customer Disclosure Center
Trans Union Consumer Relations
PO Box 2000
Chester, PA 19022-2000
If you want to dispute an entry on your report, you will need to send any corroborating information that you have and all of the following information with your dispute:
* Your full name
* Your birth date
* Your Social Security number and a photocopy of your Social Security card
* Your current physical address and your former addresses for the last five years
* A photocopy of your driver's license that shows your current address