Graphic Do you know what's in your credit report?

Ignorance isn’t always bliss

Request your credit report regularly

You are entitled to one free credit report from each of three major credit bureaus once a year. Consider checking your report every four months.

Review your report for accuracy

Be sure to check things as your personal information and balances, that all accounts listed belong to you, and that any closed accounts are noted as such. 

Resolve any errors
 

If you find inaccuracies, contact the credit bureau to correct them. Continue to monitor your reports regularly, as errors can reappear even after being fixed.

Your credit report can be a valuable source of information on errors or fraudulent activity on your credit history. Checking your free credit reports periodically can help you address any issues quickly and protect your credit score.

Key Takeaways:

  • Your credit report is a detailed history of your record as a borrower. Lenders may rely on your report in determining whether or not to loan you money and at what interest rate.
  • Errors in your credit report, fraudulent activity and forgotten overdue accounts can make it difficult to borrow money when you need to.
  • Checking your free credit report every four months can help you catch and correct such issues quickly so that you can preserve your ability to borrow in future.

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