Have you ever seen your credit report? Getting a copy is easy, just contact one of the credit reporting agencies once a year to receive a copy, absolutely free. Understanding the information on the report is simple too.

Most companies report to one or more of the major credit bureaus. You have a report on file at one of the three major credit bureaus if you have ever had a loan, or applied for credit. What this means for you is that to get your credit bureau report, you may need to request a report from all 3 so that you can get a look at your credit bureau “big picture” so you can repair your credit score and history if necessary.

Getting a free credit report is as simple as contacting the credit bureau. If you have a computer with internet access, you can make the request online. A request can be sent by mail also. Whatever route you use to apply for your free report, you will need to supply some personal information to confirm your identity. There is no charge for your annual free credit report, the credit bureaus are required by law to provide you with a copy each year.

Once you get the report from the credit bureau, pay particular attention to certain sections. Look for incorrect information in the first section. This section shows your name, address, and other personal information. Be sure to contact the credit bureau with any errors or corrections that are needed.

The next section shows your current open accounts and payment history. Make sure that all the accounts listed are actually yours, and that the payments and balances are correct. This is the spot where any late or missed payments will show up as well.

Different businesses and lenders report to different agencies, so your credit reports may vary from bureau to bureau. It is possible to have an excellent credit score with two of the 3 major bureaus and a poor rating with the other, for example. Your report will also list any inquiries, or requests to view your information by lenders or other entities. Review your inquiries carefully to make sure no unauthorized persons have requested your report.

Always contact the credit bureau to correct any inaccuracies in your report so they can take steps to correct them.

By keeping your personal credit reports accurate and up to date, you will have financial and personal peace of mind.

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