A "Notice Of Correction" is simply a statement added to an entry on your credit report that explains the circumstances about that entry. They can be helpful if you believe circumstances need to be taken into account when looking at an entry on your report that has had negative impact.

Anybody is entitled to add a correction notice to their own credit report. You may want to add a notice of correction to your report, if for example;

• You dispute an entry on your report
• You believe any judgement to be unfair
• You want to make apparent any other circumstances for an entry, (Eg; You split with a partner, with whom you were linked to a mortgage, and they went on to run up debt affecting repayments.

How to add a Notice Of Correction to your Credit Report

To add a notice of correction to an entry on your credit report you must contact the credit agency with which you wish to add the entry. Its good practice to draft the entry and send it to all three credit agencies in the UK. This is because a lender can go to any of the three agencies to search your credit file in the event of you making a credit application. The three agencies are Experian, Equifax and CallCredit.

Writing a Notice Of Correction

A notice of correction should be under 200 words in length, precise, and to the point. In your draft to the credit agencies you should state which entry you would like the notice to be added to. This is the entry that you would like to shed light upon. When a lender searches your credit report and see's the entry, it will be taken into consideration when assessing your application for credit.