TopConsumerReviews.com Best Credit Reports
      November 21, 2018

Home  >  Credit Reports  >  Articles

Best

Credit Reports

  1. Free Credit Score
  2. My FICO
  3. Credit Reporting
  4. Credit Report
  5. Free Score 360

Your Information Is Secure
101 Tips to Raise Your Credit Score Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Guitar Lessons

Hair Loss

Lice

Menopause Relief

Online Stock Brokers

Watches

 

Related Articles

How Often Should You Check Your Credit Report?

Why Is A Good Credit Score Helpful?

What Kind Of Information Will Your Credit Report Contain?

What Can You Do If Your Credit Report Is Wrong?

How You Can Raise Your Credit Score If It’s Low

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

How Often Should You Check Your Credit Report?

As the old adage goes, “knowledge is power.” For consumers, that knowledge should include a full understanding of their credit report, the score attached to it and how that information is used.

Consumers who know how their credit history affects their everyday living possess a valuable tool. The list of agencies that can use your credit report to determine if they wish to do business with you is endless: landlords, credit card companies, insurance providers, cell phone companies and utilities. Not paying bills on time – or at all – can have negative repercussions on your credit history, causing damage that is not easily undone.

From the very first bank account you’ve ever had, to all of the credit cards you hold, a person’s credit history is a complete synopsis of how you have managed your finances over the course of your life. Whether the history is good or bad, it is prominently displayed within the pages of your financial documentation, otherwise known as your credit report. Financial brokers, credit card companies, financial institutions and even employers can use the information to their benefit and your detriment.

All credit reports contain a three-digit number called a credit score. It ranges from 300 to 850. The higher the number, the more financially secure the individual. Credit scores are generated through a mathematical algorithm that pulls data from a consumer’s credit report and processes it into one handy rating.

So how often should you check your credit report? At a minimum, once annually is recommended, although 3 times or more is ideal.

Thanks to the Fair Credit Reporting Act, all consumers now are permitted to receive one free credit report yearly. There are three credit reporting agencies which track the financial histories of U.S. residents: Equifax, Experian and TransUnion. While it is possible to order reports from all three agencies at once, some consumer experts recommended ordering one from each agency about four months apart. That way, consumers are able to view their report three times a year for free rather than just once.

Another opportune time to check your credit report is prior to any attempt to secure a loan for a large expense, such as a home or a vehicle. Knowing your current standing, and being able to find and correct any discrepancies in your report prior to applying, can help you to receive a more competitive interest rate. If a consumer discovers discrepancies in their credit report, they have the option of disputing them directly through the credit reporting bureau. Each credit reporting agency provides information on their respective websites on how to file a dispute.

If you’ve ever been denied credit – such as opening a new credit card account or taking out a loan – it is best to check your credit report. Inaccurate information may be contained within your credit report which is preventing you from getting credit.

The final and perhaps most important time to check your credit report is if you suspect you are the victim of identity theft. Your credit report will contain any fraudulent accounts opened using your personal information and may be a useful tool for law enforcement to track down the person who has committed the financial fraud. You also will need to be able to list all of the accounts which were not legitimately opened by you in order to have those accounts flagged and removed. If you find errors on your credit report, TopConsumerReviews.com has reviewed and ranked the best credit repair services available today.

How to fix errors on your credit report

If you've received your free annual credit reports from all three credit bureaus, all that information may feel a bit overwhelming, especially if you find errors. If there is something incorrect on yo...

Published:  Tue, 20 Nov 2018 01:45:00 GMT



Credit Reporting Policy Change Equals FICO Score Rise for Many

All three credit agencies, Equifax, Experian, and TransUnion changed the formula they use to calculate your FICO score on July 1, 2017. The result A boost in the credit scores of about 12 million Ame...

Published:  Tue, 20 Nov 2018 11:28:00 GMT



House Financial Services Committee Issues Report on Protecting Veterans Credit Act

Introduced by Representative John Delaney on May 25, 2017, H.R. 2683, the "Protecting Veterans Credit Act of 2017"; amends the Fair Credit Reporting Act to exclude from a consumer's credit report ...

Published:  Tue, 20 Nov 2018 05:22:00 GMT



Premium credit scores save recent buyers $31K

According to data from LendingTree, buyers with a 760 credit score or higher averaged a 5.12 percent APR on purchase loans for the month of October. Buyers who fell into the 95th percentile of ...

Published:  Tue, 20 Nov 2018 04:36:00 GMT



Here's How Plans To Improve Universal Credit Could Trap Women In Abusive Relationships

In the committee's report into proposed changes to universal credit, it said: "Given the Government's focus on taking steps to deal with domestic violence, there may be grounds for making an exception ...

Published:  Tue, 20 Nov 2018 10:17:00 GMT



Report: Developing Opportunities within Ranger Energy Services, Smartsheet, Transcontinental Realty

To read the full Transcontinental Realty Investors, Inc. (TCI) report, download it here: http://Fundamental-Markets.com/register/so=TCI For the three months ended September 30th, 2018 vs September 30...

Published:  Tue, 20 Nov 2018 03:50:00 GMT



CREDIT PAYMENT CARD MARKET DETAILED IN NEW RESEARCH REPORT 2018 | ANALYSIS AND FORECAST BY 2025

This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2...

Published:  Tue, 20 Nov 2018 11:07:00 GMT



Why Employers Check Your Credit Report

A little less than one-third of employers who employ background checks on job applicants check their credit as part of their research, according to a survey from Career Builder. While the Fair Credit ...

Published:  Fri, 26 Oct 2018 07:07:00 GMT



Credit Karma acquires Noddle from TransUnion and expands to the UK

Credit Karma, the US startup with 85 million users that offers credit reports and a platform to browse and buy other financial services, has made an acquisition to help it kick-start its first oversea...

Published:  Sun, 04 Nov 2018 23:18:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure