How to write a notice of correction

How to write a notice of correction
Image source: Getty Images

If you are looking to borrow money, then knowing what’s on your credit report can be essential. What you may not know is that if there is something that you think is incorrect or misleading, you can add a notice of correction to your report. We’re here to break down why you may want to do this and how to go about doing it.

What is a notice of correction?

A notice of correction is a short statement that can be added to individual items on your credit report. These are things that you believe create a misleading impression of your financial habits. For example, there may have been an occasion where you missed a repayment because of illness. Or you may have been a victim of identity theft.

A notice of correction must not be longer than 200 words and should explain why a debt is showing up. Its purpose is to highlight that a missed payment is out of the ordinary for you.

The main thing to bear in mind is that a notice of correction is only to be used for one-off incidences. If you regularly miss your repayments then this suggests a consistent pattern.

How do you write one?

You can write a notice of correction yourself. Or, if you would prefer, the text can be prepared with the help of an organisation like Citizens Advice or a solicitor.

It needs to give a clear and accurate explanation as to why you think the individual item is incorrect or misleading. The trick is to steer clear of emotional language. It needs to be based on fact rather than your own personal opinions on the matter.

So if it is a case that you missed a payment because the bill didn’t arrive in time, try to back this up with relevant dates. However, make sure that whatever you write is non-discriminatory and that it doesn’t make reference to another individual or organisation.

Begin your journey to financial freedom today – try our new Hero’s Journey tool!

MyWalletHero is here to help you learn about taking control of your money, whether that’s paying off debt, working towards a short-term money goal, or investing for your future.

Our latest tool can help you understand the next steps on your journey – simply choose a goal that best describes your current interests to get started.

Once written, you just need to contact the relevant credit reference agency. They can then add the notice of correction to your report.

Do lenders read it?

Lenders are legally obliged to read a notice of correction. However, they don’t have to take them into account when deciding whether or not to lend you money.

Unfortunately, over time, notices have become devalued. They can be seen as ‘excuses’ for missing payments and can slow down credit applications.

However, they can be helpful if you have been a victim of fraud. Lenders then know that any applications in your name will be subject to additional manual verification checks.


When applying for a credit card, loan or mortgage, it could be a good idea to check out your credit report before making an application. If, when doing this, you spot something that you think is incorrect or misleading, this your opportunity to add a notice of correction.

Just remember that notices should be used sparingly on individual items that are out of character for you. They can be a useful tool if you have been a victim of identity fraud, but try to avoid using them as something to make excuses for poor financial management.

Looking for a new credit card?

Great credit card offers are out there — you just need to know where to look! If you’re after some of the top offers on the market, a great place to start is our list of the top credit cards.

Some offers on MyWalletHero are from our partners — it’s how we make money and keep this site going. But does that impact our ratings? Nope. Our commitment is to you. If a product isn’t any good, our rating will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Learn more here. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, Mastercard, and Tesco.

Related Articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Featured Investment News