Welcome to Credit Guide
Credit Reporting Agencies Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Knowing and Understanding Your Credit Report
from:One thing that many people are not aware of that could hurt them in the present and future is their credit report. In fact, when it comes to peoples credit reports, many people are not sure as to what are on them as well as how the information can harm them.
Even though there are a couple different companies that supply credit reports, many people do not know where they can get them. However, because your credit report is so important when it comes to purchasing things, it is becoming more known as to where people can get them. In fact, there are many different ways as to how people can find out what is on their credit report and how to obtain a copy of their credit report.
One of the best ways to get a copy of your credit report is by going directly to the credit report agency; where there are three different reporting agencies. When going through the credit report agencies, you can either get through to them by going on the internet and applying for the credit report or you may call them directly. Another way to get a copy of your credit report is by applying for a loan at a bank; where they will then run your credit report to see how your credit looks.
Once you have a copy of your credit report, the most important thing to know is how to read it! Even though it is a printout of your past, there are still many things that you must know and look at. In fact, some of the things that you should look at closely is your credit information; to see if there are any mistakes (whether it is yours or not). Along with looking for any mistakes, you will also want to look at how your payment history is; and if there is room for improvements. Another important thing you will want to keep an eye on in your credit report is who/what has been doing credit checks on you (such as companies that are giving credit cards out or when you apply for a credit card). In fact, many times if there are several companies that do credit checks; that can be harmful to you and your credit report (because it shows that you're applying for one thing or another). Lastly, another very important section that you will want to keep a close eye on (and to keep empty) is the "public records" section; as that will be where the lawsuits and judgments will be (will is the worst thing to be on a credit report).
Whether you are young older, no matter what age you are, your credit report is still one thing that you should look at and keep track of at least once a year; especially since there are so many people that are getting their identities stolen! Your credit report is one was of showing what type of person you are and how you handle your finances!
Credit Reporting Agencies News
How Credit Bureaus Experian, Equifax and TransUnion Rose to Power as the “Big ... - Go Banking Rates
 Go Banking Rates | How Credit Bureaus Experian, Equifax and TransUnion Rose to Power as the “Big ... Go Banking Rates We've all come to accept the fact that we'll have our credit checked these days when trying to get a loan, but where did the process originate and when did the the three major credit bureaus rise to power? So when did the idea of the credit bureau get ... |
The Easy Way to Fix a Credit Report Error - Huffington Post (blog)
The Easy Way to Fix a Credit Report Error Huffington Post (blog) Make sure you have fairly current copies (ideally, less than 60 days old) of your credit reports from all three major credit reporting agencies (CRAs), Equifax, Experian and TransUnion. Since these agencies don't share information with one another, ... |
The Easiest Way to Get That Error Off Your Credit Report - Business Insider
The Easiest Way to Get That Error Off Your Credit Report Business Insider Make sure you have fairly current copies (ideally, less than 60 days old) of your credit reports from all three major credit reporting agencies (CRAs), Equifax, Experian and TransUnion. Since these agencies don't share information with one another, ... |
Report: Law on credit-reporting fails consumers - BusinessWeek
 KEPR 19 | Report: Law on credit-reporting fails consumers BusinessWeek Americans are virtually powerless to correct damaging mistakes in their credit reports due to loopholes and obstacles in the federal law governing credit-reporting agencies, an Ohio newspaper reported Sunday. The lack of government regulation allows ... Credit reporting mistakes damage consumers |
Do You Know How to Read a Credit Report? - Go Banking Rates
 Go Banking Rates | Do You Know How to Read a Credit Report? Go Banking Rates Interestingly, before 1971 and the passage of the Fair Credit Reporting Act, information of this type did appear and was often utilized unfairly as a direct result. Although there are several US credit bureaus, the “Big Three” are TransUnion, ... |