PERSONAL FINANCE: HOW DO YOU CLIMB OUT OF SUBPRIME? 3

Having found errors in your credit score and credit risk rating by obtaining a credit rating report from TransUnion (www.transunion.com), Experian (www.experian.com), or Equifax (www.equifax.com) and you have requested the credit bureaus to correct the errors and they are not listening or not doing anything, you can do the following:

Write a brief, factual letter explaining the error/s for inclusion in your credit history. The credit bureau is obligated to provide a copy to anyone who asks about your credit history.

Have the credit bureau append modifying words to the item you are contesting, e.g., “disputed” or “under review”, etc

Keep a copy of credit reports where you have a high credit score (i.e., higher than 600) and a low credit risk rating (i.e., below R or I 5). When you apply for a new credit card or a loan, these will show that you have been a good credit risk.

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