You May Want To Consider Checking What S On Your Credit Report At Least Once A Year

Category: Finance, Credit.

You may want to consider checking what s on your credit report at least once a year.

You ll want to know what each credit bureau( TransUnion, Experian and Equifax) have listed on your reports. That s right at least once a year get a copy of all three of your credit reports. You don t want any surprises when you apply for credit or seek new employment. You will also be able to find out whether or not someone has ordered credit in your name without your authorization. So, as a general rule it s a good idea to get copies of your reports at least once a year! Here are some tips and information which may assist you in your quest to get your credit reports: 1) How do I go about contacting the credit report bureaus?

You contact the bureaus either in writing or via the internet with the following information: TransUnion, P. Box 2000, Chester, PA. 19022, 800- 888- 4213, www. transunion. com. Equifax, P. Box 740256, Atlanta, GA. 30374, 877- 784- 2528, www. equifax. com. Experian, P. Box 2104, Allen, TX. 75013, 888- 397- 3742, www. experian. com. 2) Can I get a free copy of my credit report? You can receive a free report on an annual basis at no cost at annualcreditreport. com.

Yes. You can also secure free copies of your credit reports directly from each credit bureau. 3) Should I get a copy of my FICO score? As you may be aware, your credit score is used in determining whether or not you will qualify for credit you have applied for and the interest rate you will receive. Yes, this would be a good idea to find out where you stand in reference to your credit score. The higher your credit score the better chances you have of getting a lower interest rate and approval of your credit. 4) How can I improve my credit and credit score? Make sure you stay current with paying your bills.

By paying your bills on time and paying your credit card balance in full if at all possible. This will assist in improving your credit overall. 5) If I see an error on my credit report, how do I go about fixing the problem? You may want to also contact the creditor directly that is reporting the negative information listed on your report and get them to correct the error. Contact the credit bureau directly concerning the error on your report in writing and request that the error be corrected. You will also want the creditor to provide you with a written confirmation of them correcting the error to your credit report. No. The credit bureau has thirty days to respond to your request about erroneous information listed on your credit report. 6) Should I consider hiring a credit repair company to fix my credit?

This is not a good idea! Some credit repair agencies charge several hundred dollars in fees claiming they can repair your credit. The only one able to fix your credit problem is you. Some of these agencies even offer you a new social security number to establish new credit. It s best that you fix your own credit the right way by doing the following: contact the credit bureaus about any errors or discrepancies you have on your credit report. This is absolutely illegal, you do not want to be a party to this scam at all!

Contact the creditor directly about errors listed by them on your report. And, try to pay off your credit balances as soon as you can. Pay your bills on time. Ordering a copy of your credit reports is a good idea! This will give you a better peace of mind and will hopefully eliminate surprises when you go to apply for employment and future credit for the purchase of a home, or whatever else, vehicle you would like to purchase. The sooner you start this annual practice of getting your credit report the better off you will be.

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