TRW Credit Report – There Has Been Some Changes That You Should Know
TRW has changed their name to Experian. The procedure for requesting a credit report still remains the same. If you have errors on your credit report, you should start by writing the credit bureau that is reporting the information you would like to debate.
It is important that you are aware that there are three major credit bureaus that collect your information. Those three bureaus are Equifax, Trans Union, and Experian (formerly known as TRW). One of the disappointing facts about these three bureaus is that they do not share information among one another.
If one credit bureau contains errors, the other two may or may not contain errors, or they may contain entirely different errors. Submitting a dispute to one credit bureau does not take care of errors reported by the other two.
You should cover all of the bases by requesting copies of all three credit reports. Once you have all three credit reports in hand you should submit a letter of dispute. Make sure that you provide your full name, address, and social security number. Don’t forget to attach a copy of your credit report which contains the errors you wish to dispute.
I advise my students to highlight all negative marks that may appear on their credit report. It is also advisable that you write a detailed explanation explaining why you feel that each item is inaccurate. It is also crucial that you include any supporting documentation that you may have.
Here’s a little something that you may want to make a note of. Over 70% of credit reports contain errors. If yours is one of them your application could go from the short list to the round file in a nanosecond.
