Understanding what's in your credit report
Your credit report and credit score are determining factors in whether you qualify for credit. But do you understand what information is listed in your credit report?
It's important to know not only what is in your credit report, but also how the information is used and how you can correct any errors.
Information on your credit report
There are several components that make up a credit report. Your report will contain:
How the information is used
Your credit history (both good and bad), public records, credit inquiries, and disputes may affect your ability to get credit.
Addressing errors in your credit report information
If you find inaccuracies in your credit report, you should address those errors immediately.
The federal Fair Credit Reporting Act (FCRA) was designed to protect the accuracy and privacy of your credit report. The Federal Trade Commission (FTC) provides a guide for correcting credit report errors.
Check your credit information regularly
The information on your credit report is constantly updating. Be sure you know what is on your report at all times. Enroll in a IdentitySecure membership and get your 3-in-1 credit report and scores, daily credit monitoring and so much more.