Did you know that not all credit card lenders and loan companies report your account statuses to the three major credit bureaus? In fact, this is quite typical for many retail store, gas station, and restaurant cards.
The first step to report credit is to find out whether or not a company is reporting this information is to obtain a copy of your report.
By federal law, each person is entitled to one report from each of the three major credit reporting agencies per year.
Take note of any accounts that you have that are not appearing on the report.
The next step to report credit is to compose a simple letter with your account information, the name of the lender, and your account history.
If you are able to obtain a certified copy of your account history from you lender, attach that to the letter as well.
Form letters can often be found online, downloaded, and filled out to report credit.
In addition, you will need to create a separate letter for each of credit items you are reporting.
Also, send a separate letter to each reporting bureau.
By law, these agencies are required to research your addition and respond.
A few of the agencies require an upfront payment to add accounts to your report depending on the type, but that will usually be detailed on their website.
To access each of the three major reporting agencies, visit their websites at Experian, Equifax, and Trans Union.
Now that you are empowered with new information, go out there and take action.