Your Credit Report
Your credit report contains very important information that most lenders review before giving you a loan for a car, home or whatever may come up. Your report contains information on the amount of money you owe and your payment history with previous and current lenders.
There are three different credit-reporting agencies, and in some cases, they don’t have the same information. It is up to you to insure that the information on your credit report is accurate. The vast majority of discrepancies are corrected quickly and easily. In almost every case, however, you must initiate the correction.
Keep an eye on your credit
In the event you have been denied a loan, you are always entitled to get a copy of the report and an explanation of why your loan was denied.
You’re entitled to a FREE credit report
Thanks to the Fair and Accurate Credit Transactions Act of 2003, consumers in all U.S. states and territories have access to one free credit report per year for each credit bureau (Equifax, Experian and TransUnion). To get yours, visit www.annualcreditreport.com, call 877.322.8228 or request yours via mail at: Annual Credit Report Request Service; PO Box 105281; Atlanta, GA 30348-5281.
Or you can do it the easy way with MemberSource. With your membership, you can purchase your credit report online any time you like. It’s simple and inexpensive, not to mention informative.