Lender may choose not to report a credit account


Dear Experian,

I just reviewed my credit report and found that a significant credit purchase was not listed. All my payments were made on time. Can this be reflected in my credit report?



Dear BLR,

The credit reporting system in the U.S. is voluntary. While we would certainly like for all creditors to report their accounts to us, they are not required to do so. Some lenders choose to report to only one or two of the three credit reporting agencies, while others choose not to report at all.

Unfortunately, Experian cannot add an account that the lender chooses not to report. You may wish to contact your lender and inquire as to whether or not they report to Experian or to any of the credit reporting companies.

In the future, ask the lender if they report your account history to one or more of the national credit reporting companies before applying. If they don’t you might consider applying elsewhere to ensure your positive account payments help you build a strong credit history.

Thanks for asking.

The “Ask Experian” team