Receiving An Account Credit Report Can Prevent Errors

An account credit report is a type of consumer report that contains information about one certain account you might have. Each credit card or loan company that you have an account with sends a copy of your account credit report to the big three credit reporting agencies, Transunion, Experian, and Equifax. The information about your account payments, credit line, and timeliness of payments is released to these credit-reporting agencies to compile a larger credit report that they issue.

An account credit report is more in depth than a general credit report. An account credit report pertains to just one of your creditors rather than all at once. The account information such a credit report provides is much more specific. General information such as bankruptcies you might have had, where you work, and estimated income are not usually on an account credit report.

Most financial advisors suggest that you periodically review your account credit reports and check for inaccuracies or omissions. If you're considering making a major purchase, such as buying a home or new car, this is especially true. Checking the accuracy of information in your account credit reports could speed the credit-granting process.

If you suspect that there are errors on your account credit reports, contact the credit issuer in writing about what information you believe is inaccurate. Support your position with copies of credit transaction receipts that prove your case. In addition, provide your complete name and address to the credit agency or credit card account manager. Many times, errors in spelling your name correctly can cause account credit report mistakes. Send your letter by certified mail, return receipt requested, so you can document what you sent to the credit-reporting agency.