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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: RetireAbroadAt35 on May 08, 2015, 07:00:38 PM

Title: Correcting Credit Report Funny Business
Post by: RetireAbroadAt35 on May 08, 2015, 07:00:38 PM
I recently found out one of my two credit cards has an absurdly low limit for retail purchases.  I ordered a credit report from Experian to investigate (which I had to do by mail since for some reason they don't have any accurate credit info on me).

I learned:

I'd like to correct the record and show that I am, in fact, not a credit deadbeat.  I contacted the attorney that settled all my bills from that accident and they provided me with a letter and a copy of a check that they sent the creditors which essentially says "this check shall reflect full & final payment" for each of the three bills.  The amounts are different from what appears on my credit report because the attorney negotiated the amounts down.

Title: Re: Correcting Credit Report Funny Business
Post by: nanu on May 08, 2015, 09:08:39 PM
No clue about the medical bills, but as for the credit cards - they might not appear on Experian's report, but they might appear on another bureau's report (Transunion, Equifax).
Not all banks/credit cards issuers report to all credit bureaus. You can try asking them nicely to report to Experian if they don't, but I wouldn't count on it (though I've never tried it myself).
You could pull the report from Transunion and/or Equifax to compare the information they have, which you can do once a year for free (as you probably know by now).

Also, you can try registering for creditkarma.com to see what information Transunion and Equifax have on you - the credit score they give is not your "real" credit score (that doesn't exactly exist even... but that's a whole other discussion), but you should be able to see what credit cards they have on file for you.
Title: Re: Correcting Credit Report Funny Business
Post by: RetireAbroadAt35 on May 09, 2015, 05:30:09 PM
No clue about the medical bills, but as for the credit cards - they might not appear on Experian's report, but they might appear on another bureau's report (Transunion, Equifax).
They don't.  As far as the credit bureau cartels are concerned I have no recent credit history.  Just some (falsely) reported negative accounts.

I know there are some tricks to correcting this stuff.  I'll do some googlin' and see what I can figure out.