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2: Size Up Your Housing Situation

Check Your Credit

Housing payment methodsMortgage lenders and landlords want to make sure you will be able to pay your housing obligations. To make this determination, they will look at your credit report and credit score. Each year, you are entitled to one free copy of your credit report from each of the three credit reporting agencies: ExperianEquifax and TransUnion.

You can request your credit reports at

What’s in a Credit Report?

A credit report serves as your credit reference. Credit reporting companies provide information about your credit history so that other potential lenders can decide to lend to you or not. Your credit report includes information about:

  • Where you live and work
  • Amounts, credit limits and balances of past and current credit accounts
  • Your payment history, including late payments to other creditors
  • Any unpaid debts, including those that have gone to collections
  • Bankruptcies

Correct Errors on Your Credit Report

Credit and debt

Part of the process of maintaining good credit is watching for errors on your credit report that are not your fault. Some errors are honest mistakes, while others can be the result of a thief stealing your identity. Learn about correcting credit report errors in SAM’s Credit and Debt Basics Course.

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