Adding a Statement to Credit Report

What does it mean to add a statement to my credit report?

You have the right to add a 100 word statement to your credit report to explain something in your report or to point out an error the credit agency will not correct. The credit agency must accept such a statement from you, but the credit agency is not required to include the entire statement and may include only a summary of what you have written.

Will creditors look at the statement I add to my credit report?

Creditors often will ignore this type of statement and that the statement may end up remaining in your file even after the item you are explaining or disputing is removed.

What are the benefits of adding a statement to my credit report?

This kind of statement can be useful if you have had temporary financial problems due to losing your job, being ill, or caring for an ill family member. Make it short and sweet, and be sure to include good news such as your financial situation has improved because you found a job, recovered, or are no longer caring for the ill family member.

Free example of statement to add to your credit report

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