Building a Better Credit Score by Adding Information to Your Credit Report

In addition to disputing incorrect information on yourcredit reporting agencies. However, some creditors
credit report, you can also add accounts to it thatcategorically refuse to do this as they only report to
make you look more credit worthy. If, when youone or two agencies and won't consider changing their
review your report, you noticed accounts that werestandard business practices. But it's worth a try.
not listed on it that paint you in a positive light, you canYou may find that credit histories for accounts you
ask the credit reporting agencies to include thesepay on time are only missing from one or two credit
accounts on your report. Doing so will help in yourreports. The third report might already include all your
quest to build a more positive credit rating and higheraccounts or maybe you focused on cleaning up that
credit score.report first. If this applies to you, send the agencies
There are three types of information you might wantwith the missing information a copy of your all-inclusive
to have added to your credit history to build yourreport with a letter asking the missing data be added
score:to your file.
- Explanation of any incomplete or disputed informationCreditors also like to see verification of stability so
- Positive account histories not included in your reportconsider asking any evidence you have of that be
- Information demonstrating reliable payment andadded to your account. Creditors are most likely to
employment, stabilityadd updated information on employment and
Often credit reports don't include accounts that youresidences because it's used in evaluating credit
might expect to find. For instance, some majorapplications. However, if your report is missing data or
commercial lenders don't report mortgages or carcontains obsolete or incorrect information on your
loans. Also, local banks or credit unions frequently don'tphone number, date of birth, or social security number it
provide information to credit reporting agencies.is beneficial to update those as well to reduce the risk
If your credit report is missing credit histories forof account mix-ups.
accounts you pay on time, send the credit reportingOnce you've repaired your credit, request a copy of
agencies a Letter Requesting Inclusion of Accounts,your report from each credit bureau. You are entitled
along with copies of recent account statements. Askto one free credit report from each of the credit
the credit bureau to add information on these accountsreporting agencies annually. Look for anything old or
to your file. While the agencies aren't required to addinaccurate. Conducting an annual credit check and
account histories, they often do, but you might beadding positive accounts previously omitted, can help
charged a fee.ensure you maintain the highest credit ratings possible
Another option is to go straight to your creditor andand avoid being a victim of identify theft.
ask that they report the information directly to the