How Can I Add Something To My Credit Report?
Four years ago I purchased a car with a co-signer – her name was first, mine second. Financially she had nothing to do with the car at all. I paid ontime EVERY month. Not late once. I paid with the same checking account every single time also. I went to trade my car in for a new one and come to find that Chrysler Financial didn’t report me on the car at all. Now I am being treated as a first time buyer with a huge APR. I just want the old car (which I actually paid off early) I paid $14000 for put on my credit report. I called Chrysler and explained my situation and they said that they are sending me something called a credit rating letter. Is this something that I can send to someone to request it be placed on my credit report? What is my best course of action? This is greatly affecting my life right now. My credit score is only 572 when it should be much higher. Please help me!!
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You can write the credit bureaus with an “Add Accounts to Report” letter, which would include your personal info (name, address, DOB, social, a photo copy of a state/govt ID), the account information to be added (Account #, name of creditor, their contact info, and the balance/loan amount), and also proof of payments.
Creditors are not obligated to report to credit bureaus, however I am surprised that a large finance company such as Chrysler did not. You could try to write them about this, and explain that you really need for this information to be added to your credit files. If the bureau(s) accept your letter to add information, they may charge for a fee for insertion. They charge companies for the same thing, but you just have to be able to show proof of the account(s) to be added, as well as all payment arrangements. Sometimes it works, sometimes not….
Again there is no obligation on the part of the original creditor, nor the bureaus to add information, however it is unfortunate that you have not gotten credit for the loan at all on your report.
This should serve as a reminder for you (and everyone else) to pull their credit reports at least once per year, for reasons such as this.
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