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Review Your Credit Report

The Fair Credit Reporting Act (FCRA) gives you the right to pull your own, free credit report once a year from each of the three nationwide credit reporting agencies: Equifax, Experian and TransUnion. Because you can request up to three per year (one from each of the three major agencies), it is recommended that you request one every four months to keep a continuous track of your record. You can order your free credit report at Annual Credit Watch this video from the Federal Trade Commission to find out how to get your free credit report. Click here to watch on YouTube.


Source: This video is content of the copyright holder. Any reference to a specific company, commercial product, process or service does not constitute or imply an endorsement or recommendation by Smart About Money.

What To Look For On Your Credit Report

Review your credit report checklistAccording to the Consumer Financial Protection Bureau, you should review your credit report for the following:

  • Items about you only
  • Inaccurate or incomplete information
  • Accounts that do not belong to you
  • Addresses of places you have never lived
  • Employers you have not worked for
  • Information that should no longer be on your credit report, such as negative information that occurred more than seven years ago.

In particular, review your credit report for items that lenders typically look for:

Review credit report

What’s Not On Your Credit Report: Your Credit Score

Your credit score is not included in your free annual credit report. Many credit card companies today provide free credit scores on billing statements or online as a way to attract and retain your business. 

Many mobile banking and personal finance apps will tell you your credit score for free, but keep in mind that lenders use different versions of your credit score. For example, there are dozens of different versions of your FICO score, used for different types of credit inquiries. 

When you’re checking your free credit report, you may be asked if you also want to see your credit score. Before you agree, be sure you understand the terms of the offer.

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