How to Update an Equifax Tradeline

A low credit score can create higher interest rates that will cause you to spend more money for an item over the course of several months or years. Keeping your Equifax credit report as well as your TransUnion and Experian credit report up-to-date will ensure your credit score and other information remains accurate. If you do find inaccurate information or specific accounts that need to be updated, properly contacting Equifax will allow any updates on your credit report to be efficiently handled.

Instructions

1

Obtain a copy of your Equifax credit report. Even if you know the tradeline that needs to be updated, you still need to have it to efficiently update the information. You can contact Equifax to order your credit report or you can access your credit report online. You can also use sites like Annualcreditreport.com and Freecreditreport.com to access your credit report.

2

Locate the tradeline that needs to be updated and list the account number, name of the creditor, amount, and other details, so Equifax can identify the tradeline.

3

Write a letter to Equifax explaining the update. Reference the tradeline information you recorded as well as any proof, such as copies of bills, data, or identification to validate the update. Conduct an online dispute requesting an update to the tradeline if you ordered your credit report online.

4

Include the credit report reference number, which is located on the right corner of each page of your Equifax credit report, so they can access your records.

5

Send the letter requesting the update to Equifax via certified mail. Based on the Fair Credit Reporting Act, Equifax has between 30 and 45 days to respond to and fix the problem on your credit report. Sending the letter by certified mail proves Equifax has received the letter, and a signed receipt will be sent back to your home. Equifax will send you an credit report reflecting the update.