What is a Credit Score? If the credit report is a report card, then the credit score is your grade. The credit bureaus synthesize your payment history, amount of debt, amount of credit cards and loans, and length of credit history to come up with a number between 400 and 800 that indicates your credit worthiness at a glance. Anything below 650 and you may have trouble obtaining a loan. Anything about 700 and you are deemed as having excellent credit.
How do you get a copy of your credit report?
It is important to know what is in your credit report, and to correct any inaccurate information from time to time. You have the right to obtain a copy of your credit report, and to have credit bureaus correct any inaccurate information in it. Negative information can make the difference between getting a loan and being denied, so it is crucial that you examine your credit report carefully and make sure it is accurate.
Everyone is entitled to request a free credit report from each of the three major credit bureaus
each year. To do so, visit www.annualcreditreport.com or call 1 877-322-8228.
If you are turned down for a loan or a credit card, you are entitled to a free copy of
your credit report, as long as you request it within 60 days of the credit denial. You can also get your report free if you are unemployed, if you are receiving public assistance or if you believe your credit file contains inaccuracies resulting from fraud.
How do you get a copy of your credit report?
It is important to know what is in your credit report, and to correct any inaccurate information from time to time. You have the right to obtain a copy of your credit report, and to have credit bureaus correct any inaccurate information in it. Negative information can make the difference between getting a loan and being denied, so it is crucial that you examine your credit report carefully and make sure it is accurate.
Everyone is entitled to request a free credit report from each of the three major credit bureaus
each year. To do so, visit www.annualcreditreport.com or call 1 877-322-8228.
If you are turned down for a loan or a credit card, you are entitled to a free copy of
your credit report, as long as you request it within 60 days of the credit denial. You can also get your report free if you are unemployed, if you are receiving public assistance or if you believe your credit file contains inaccuracies resulting from fraud.