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Common $ense (10)
By Daun Martin, Cooperative Extension Educator
University of Wyoming Cooperative Extension Service
Credit Report Repair
This week’s column was to address retirement, but having just received a copy of my credit
report that was full of inaccuracies, I decided to discuss how to repair your credit report. You can
order your credit report once a year at no charge.
Your report contains five types of information:
• Personal information
• Accounts reported monthly (e.g. store charge)
• Accounts reported when they are in default (e.g. car loan)
• Public records (e.g. lawsuits, court judgments and liens arrests, bankruptcy)
• Inquiries (e.g. from potential creditors or employers)
Check all information carefully. Under personal information my birth date, spelling of my name,
employer, and address were incorrect! In the monthly accounts section, some that had been
closed for 15 years were reported as active. Finally, inquiries from companies unknown to me
were reported as having been made. It reflects badly on your credit report if there are numerous
credit worthiness inquiries in a short period of time. If you are shopping for a car or house loan
start several months in advance and bring a corrected copy of your report. If shopping for a
vehicle—shop around for the best deal before asking anyone to run a credit report. If you go to
five dealers and they each run your information, you might get turned down just for “an
excessive number of inquiries in a short period of time!
The three big Credit Bureaus are:
Trans Union 800-916-8800
Each has a web address that I recommend using. You can dispute and correct on-line or use a
form that they will send to you. On-line is faster and if you are looking at securing a home or
auto loan or just cleaning up your rep