How do you change personal information on your credit report?
Your credit report is a deciding factor for getting credit whenever you are in need; however, sometimes inaccuracy in personal information on the credit report can land you in trouble instead of getting you credit. Inaccuracy in personal information on a credit report can be damaging in that credits you qualify for may not be ascertained as going to you.
So, how do you change inaccurate personal information on your credit report? Read on to know how!
You don’t necessarily need to contact the credit bureaus to change your personal information. The best way is to contact your creditors and request them to change your credit records with the new information. Now here’s how it works: Your creditors communicate the changes you requested to the credit bureaus. They will then update the information at their end and your report will show your new personal information. This is the easiest way to change your personal information on your credit report.
You can also contact the credit bureaus to correct your personal information, but it involves some lengthy procedures and you’ll have to practice some patience for the changes to take place. In case of changing your personal information through your creditors, it can’t be told with surety how long it will take, yet given that creditors normally send monthly report to credit bureaus, you can expect the changes to come through in 30 to 45 days.
It is always wise to make some effort and keep your personal information updated on your credit report. The good news is that doing so will not have any impact on your credit score. Remember, your credit report is linked with your social security, so make sure that the number remains the same. Additionally, your credit report does not necessarily need your updated address or new employer data to continue functioning. However, it is always good to be judicious and keep your information updated.