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Should I dispute this?
I recently checked my credit report and found some anomalies on both TransUnion and Experian (Equifax had everything right - good for them!). Both had me listed as taking out a car loan in 2001 (which I didn't), and one has me opening a credit card in 1995 (which I didn't). However, the car loan was paid in full without a single late payment, and the credit card was paid in full, no late payments, and eventually closed by request of the actual customer.
I don't really understand exactly how credit works, but since these are both 'good' accounts, wouldn't disputing them actually hurt my credit rating?
Thanks to those who expressed concern about the fraud possibilities. I'm not overly worried about it though since these accounts are all over a decade old and paid off. I imagine it was more of a typo on the part of the finance agent than it was intentional fraud.
5 Answers
- Anonymous1 decade agoFavorite Answer
If these items are not derogatory and are paid off as agreed, disputing them will not really do anything to help your credit.
In fact, by filing a dispute you may end of having these deleted, which could hurt your scores because you will lose some good lines of credit being reported.
Just leave them alone.
- 1 decade ago
Credit profiles are not easily changed. Disputing those events would take a lot of effort. Since they were both paid off they actually helped your credit rating. However, the fact that someone used your social is disturbing. But don't worry they won't be able to do it again. After the Patriot Act of 2001 people are required to show ID and SSN card in order to use a social sec #. Dont dispute it unless you see that another account is open in your name.
- Anonymous1 decade ago
The question you have to ask yourself is, if it happens again but this time they defaulted, what would you do? You could put your name on fraud alert through Trans Union Fraud Dept. Their toll free # 1-800-680-7289. They'll notify the other 2 bureaus and must be renewed every 90 days if you want to keep it active. What will happen in the event that someone tries to open an account with your info, they must notify you first before it can be processed.
Source(s): Retired bill collector 35 years - bdancer222Lv 71 decade ago
Yes, removing the good accounts could actually lower your score but since they are closed accounts, it won't be that much of an impact.
It's still better to dispute the errors.
Source(s): BD - How do you think about the answers? You can sign in to vote the answer.
