Adding a Notice of Correction

A Notice of Correction (NOC) is a statement of up to 200 words that may be added to an individual's credit report to further explain certain information held about them. These notices may be added to clarify any details that the individual feels may be misleading, or to explain the background to that information. For example, you may want to add a Notice of Correction to explain why you missed a repayment, or why you got into debt. Any lender or organisation searching that credit report in the future is obliged to read the notice when credit is applied for, although they are not obliged to take this statement into consideration.

Writing Your Notice

If you are writing a Notice of Correction, you must ensure that it isn't defamatory (negatively affecting someone's reputation or good name), unsuitable for publication, scandalous or frivolous. The notice should be clear and concise, and may include information such as your financial or personal circumstances at the time and why your situation is now different. It may be that you were made redundant but have since started a new job, or you may have suffered a long-term illness, but have now fully recovered. Some of the Credit Reference Agencies (CRAs) may offer to help you write the notice.

Once written, you should send the notice to the Credit Reference Agencies (Equifax, CallCredit and Experian), who will add it to your credit report and so that any potential lenders may see it and take it into consideration.

The majority of credit decisions are made automatically by computer. However, if you have a notice of correction on your credit report, your application must be referred to a human being for a manual decision, which means that you won't be able to receive instant credit online, by phone or in a store.