I Have No Idea Why That’s on (or Not on) My Credit Report!
Many people get confused when they see something on their Equifax credit report that isn’t on their TransUnion one and vice versa. This happens because no creditor actually needs to report their info to either bureau. Some will report to both, some to just Equifax, some to just TransUnion, and some to neither one. That’s why it’s fine if not everything is on your report. However, it’s not fine if you see something incorrect on either of your reports.
Before assuming that something on your credit report is incorrect, check that it’s not just outdated. It could show old addresses, former spouses, and previous employers. Records that have bigger consequences if outdated are the list of who has inquired about your credit and anything in the public records part of your report, which includes information about bankruptcy, collections, third-party payment arrangements, and judgements against you. Equifax and TransUnion both provide you with information about how to fix any true errors that you spot, so be sure to follow through and get things cleaned up as quickly as possible.
7 Things That Are Not On Your Credit Report
It’s also possible that a debt you already paid off will still be listed as owing. If that’s the case, contact your creditor to update the information they’ve sent to the credit bureau(s) who are reporting the mistake. Creditors make their reports monthly, so you may just have to wait for the update to be processed.