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Can You Acquire Good Credit Overnight? You Bet
Your credit file may not reflect all your credit accounts.
Although most national department store and all-purpose bank
credit card accounts will be included in your file, not all
creditors supply information to credit bureaus : Some travel,
entertainment, gasoline card companies, local retailers, and
credit unions are among those creditors that don't.
If you've been told that you were denied credit because of an
"insufficient credit file" or "no credit file" and you have
accounts with creditors that don't appear in your credit file,
ask the credit reporting agency to add this information to future
reports.
Although they are not required to do so, many credit bureaus
will add verifiable accounts for a fee. However, understand that
if these creditors do not report to the credit bureau on a
regular basis, the added items will not be updated in your
file.
Sample Letter to Add Positive Information to Your Credit
Record
Date
Credit Bureau Name
Address
City, State Zip
To Whom It May concern :
After reviewing my recent credit report from your company, I
noted that my credit report does not include information that I
know is important to providing a complete picture of me as a
credit using consumer.
Therefore, I request that you add the following account
information on my credit file.
Creditor :
Address :
Account Type :
Date Opened :
Credit Limit :
Balance : ( If it's an open account )
If there is any fee for this service or for any additional
information you might need from me, you can reach me at ( your
phone number ).
Thank you in advance for your unparalleled assistance.
Sincerely,
your signature
Your Name
Address
Social Security Number
Date Of Birth
For Example :
Suppose you had bought a used car from a used car lot 4 years
ago. And the cost for your used car was $8000.00, which you have
paid off in 2 years. If you can show on your credit report the
auto loan you've paid off, that can dramatically change your
credit report. Therefore, what you can do is contact the your
used car dealership and demand for your account to be
reported.
Or you can request a copy of your auto loan payment history to
be mailed to you so you can mail it yourself to the credit
bureaus. It's important to ask yourself why a certain account was
not reported on your credit report.
In most cases small businesses avoid reporting to credit
bureaus because it cost businesses money to report your payment
history to credit bureaus every month. To put it simply, every
business who wants to report their clients account payment
history will have to subscribe to these credit bureaus and the
subscription cost the business money.
About The Author
© Copyright. http://www.deleteuglycredit.com
Omar M. Omar is the owner of http://www.deleteuglycredit.com. The website is
dedicated to provide credit consumers with information about
their credit right and how to dispute inaccurate information on
their credit report. Omar M. Omar is also the author Of "The
Credit Repair Bible" book.
You have permission to publish this article electronically or
in print, in your Newsletter, on your website, or in your E-Book,
as long as the author's Resource Box is included with the
article.
omar@deleteuglycredit.com
MORE RESOURCES:
Credit - Google News
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