Credit.com, Wherever you stand, we stand by you.®
News | Education | Answers | Forum | CreditBloggers | Login  
Answers

Knowledgebase Home | Favorites | Forum
Search the Knowledgebase Browse by Category

[Advanced Search]
I’ve heard that a consumer statement is a good thing to add to my credit report because this will help my credit scores. Is this true?
Article Details

Last Updated
3rd of November, 2009
Would you like to...
? Discuss
Print this page Print this page
Email this page Email this page
Post a comment Post a comment
Subscribe me
Add to favorites Add to favorites
Remove Highlighting Remove Highlighting
Edit this Article Edit this Article
Edit this Article Quick Edit
Export to PDF
User Opinions (0 votes)
No users have voted.
How would you rate this answer?
Helpful
Not helpful
No, unfortunately this is not true. A consumer statement can be added to any credit report, up to 100 words (200 in some states). However, you cannot quantify this statement. Therefore, it will not have any effect, positive or negative, to your credit report or credit score. In many cases, the lender will not even see the information that you have added as a consumer statement.

Not sure where you stand? Check your credit reports and scores online today!

Related Articles