Start the New Year off right—get a copy of your credit report. It’s free and easy. Your credit report contains information about how you have handled credit, such as loans or credit card accounts, as well any bankruptcies, tax liens or monetary judgments issued against you.
It is compiled by a credit reporting agency, often called a credit bureau. These agencies get the information from creditors, such as credit card issuers and retailers, who regularly send information showing the amount of available credit for each person, how much that person owes on that account and whether they make payments on time. The agencies also get information from public records. The agencies sell the report to credit grantors, employers, landlords and others who want to check out an individual's credit history.
You might be surprised but so much of your financial picture depends on your credit report—your mortgage interest rate, your car and homeowner’s insurance rate, and even your employment may depend on how good—or bad—your credit history is.
Use the right website to get your free report www.annualcreditreport.com not the other websites that have “free” in their name
If you find incorrect information in your credit report, the Fair Credit Reporting Act provides a process to get the information removed. For more information, see the FTC’s website on credit reports.
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