The credit report is a file that is kept on each individual that shows their personal credit history. It expresses to prospective creditors, property-owners and occasionally employers how you take care of your financial obligations. Currently, there are 3 major credit bureaus in the United States that keeps a file on each individual. The bureaus are:
Everyone has the ability to request a copy of your credit report by putting the request in writing. When you call the bureaus, they will just ask you to either send a letter or go online to get a copy of the credit report. The letter must provide specific information so that the agency can quickly identify your recognize and verify you are the person who is owner of this file. Because of so much identify theft that is an epidemic; you must be able to provide some information that proves who you are to get a copy of the report.
It is always wise to know what is on your credit report. Accessing the credit report can be helpful when applying for any type of loan or taking out a line of credit. The credit report can change frequently and should be monitored, not to mention can be a target for identify theft. Some recommend checking the report at least once per year, but others say that it should be done monthly to catch any potential issues immediately. Anyone who has been recently denied credit can request a copy of their credit bureaus by putting the request in writing. The request letter also include some sort of verification. A letter must be attached outlining the request and why you are requesting the letter.
Start the request letter with the date and always put this on the left side of the letter. Address the letter with either a "To whom it may concern" or use the term "Dear Sir or Madam." Since there is no way of knowing who will be receiving the letter, generalities are best here. Next, it is important to clearly state that you want a copy of your credit report and why. Those that have been denied credit need to make sure to state that the credit was who denied you and what the date was. The bureau will be able to quickly access this file to verify your statement. Those who have not received a denial of credit still can get a copy of their credit report once per year from the bureaus. If a free annual report is requested, also make this known in the letter.
It is very important to put your full name, as well as the social security number and the current address. If you have moved in the past six months, make sure to clearly state the old address at the file may or may not be updated yet. If you are required to pay for your report, make sure to include a check to cover the costs of the report. Be polite and friendly, but always make sure to state clearly what is needed so that there is no confusion. Here is a sample of how this letter should properly be written.
Credit Report Request Letter Sample
Name of Consumer
Address of Consumer
City, State, Zip Code
Name of Credit Bureau
Address of Credit Bureau
City, State, Zip Code
To Whom It May Concern:
I understand that it is my right to obtain a copy of my credit report once per year under the Fair Credit Reporting Act. I have reason to believe that there is information in my report that is not accurate and I wish to verify these discrepancies. I have also been denied credit by [Name of Company] on DATE. To the best of my understanding, there should have been nothing to prevent me from purchasing a new car. I need to review my report to ensure the information obtained within is accurate.
I know that your company will need some sort of verification to prove my identity. My social security number is 123-76-5498 and my current address is ADDRESS. I have also attached a copy of my driver’s license which has my current address and social security number clearly printed on it. I would appreciate your prompt attention on this matter.
Signature of Consumer
Name of Consumer Printed
List of enclosures