It's Vital You Check Your Credit Score and History
Posted at by ifydcat on category CreditHave you ever wondered what your credit report looks like? Getting a copy is easy, just contact one of the credit reporting agencies once a year to receive a copy, absolutely free. Understanding the information on the report is simple too.
Usually, most businesses report to one or more of the credit bureaus. If you have ever applied for a loan or for credit, you have a file at one of the three major credit bureaus. What this means for you is that to get your credit bureau report, you may need to request a report from all 3 so that you can get a look at your credit bureau “big picture” so you can repair your credit history and score if necessary.
Getting a free credit report is as simple as contacting the credit bureau. You can request one or all three of your credit reports online. What you have to do is to either make the request online or by mail. The credit bureau will want you to provide personal information to verify your identity. There are some websites that charge a fee to provide your report, but you do not have to use themyou are entitled to a free report each year by law.
When you receive your credit report, review each section carefully. Look for incorrect information in the first section. This section shows your name, address, and other personal information. If there are any inaccuracies, you can ask the credit bureau to correct them.
Next up is the section listing your current obligations like home and car loans, student loans, credit cards, and other bills. Make sure that all the accounts listed are actually yours, and that the payments and balances are correct. Any missed or late payments will show up of the credit report.
Different businesses and lenders report to different agencies, so your credit reports may vary from bureau to bureau. It is possible to have an high credit score with two of the 3 major bureaus and a poor rating with the other, for example. Your credit report list any requests or inquiries by lenders that have occurred recently. Review your inquiries carefully to make sure no unauthorized persons have requested your report.
After carefully reviewing your report, you should contact the credit bureau and request that any errors be corrected.
Knowing that your personal credit information is safe, accurate and up to date with the 3 major credit bureaus will give you peace of mind.
