Sunday, March 14, 2010

What is the accuracy of name and address on your credit report?

There are several variations of my name on my credit report. I also have multiple addresses that are the same but for example, one shows 100A Main Street, Dallas, TX 55555 and the next shows 100 Main Street Apt A , Dallas, TX 55555. Are these things that should/can be corrected?

What is the accuracy of name and address on your credit report?
Yes. Why you should clean up your names and addresses: I've read enough horror stories of nasty collection agencies that match a common name like Jane Smith to the wrong Jane Smith and start trying to collect from her. The fewer misspellings on your report, the fewer chances.





Go back to anyone with whom you do business who reports to the Credit Reporting Agencies (CRAs), and try to correct your name to your legal name, and correct your address to your US Postal Service standard address. You can get your standard address from www.usps.gov Use "find a zip code", and it will show your standard address. Note how there's NO punctuation except for the dash in the middle of the 9 digit zip code. Then ask, in writing, that these businesses report the change to the CRAs.





After that, you'll have to dispute the info with the CRAs.





You probably need to slow down the junk mail because companies are selling and reselling your names and addresses.





First contact the Direct Marketing Association and go to the Mail Preference Service. Costs $1.00 http://www.the-dma.org/


Second, every time you get a catalog you don't need, call the toll free sales number and ask to be removed.


Third, read your Privacy Notices and take action to keep your name from being circulated.





Please vote: Did this help?
Reply:Sometimes reporting agencies get information thats off from various sources. I've had my name spelled more than a few ways and different interations of my address. Its not that big of a deal unless they start thinking you are someone else and your credit info changes. You can still submit to get those changed if you want but I wouldnt sweat it too much.
Reply:Yes they should be corrected. File a dispute form with all three credit bureaus
Reply:A credit report is based on any credit you have ever taken i.e. catalogues, loans, store cards, credit cards, etc. If one company writes your name as one incorrect letter, it will be recorded on the credit report.


You can write to the credit report company and ask them to amend this. They will probably need to see ID to correct it.


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