Okay, you got your credit score yesterday. Now, you need to review the underlying reports that determine your score. Your credit report is a file on you and your money, so it’s kind of a given that YOU need to read it!

Learn:
Your credit report includes all sorts of things:

• Your personal info (social security number, past addresses, etc.)
• A summary of your financial accounts (and how responsible you’ve been with them)
• Whether or not you’ve filed for bankruptcy
• Any inquiries that have been made on your credit report (from lenders, for example)
There are three different credit reporting bureaus: Equifax, Experian, and TransUnion. By law, each of them has to give you one FREE credit report per year. To check your credit report more regularly, we recommend spreading them out so that you check one every four months. The info on credit reports isn’t always perfect, so it’s key to read yours and make sure it’s 100% on the money.

Set up a schedule to regularly review your credit report atwww.annualcreditreport.com, which was set up by the three credit bureaus to provide free annual credit reports to consumers, as required by federal law. If this is your first time checking your credit report, check all three now. If you’re already on a schedule, stick to it. Whatever your case may be, set up regular calendar reminders to check all three reports every year. Action Time: 2 minutes Review your credit report (today, if it’s your first time, or a year-to-the-day from the last time you viewed it if you’ve done it before). If you want to be walked through the process, check out Steps 1-3 of in the“Check My Credit Report And Score” checklist. Action Time: 15 minutes If anything isn’t right, say so. You can dispute any item on your credit report online. And you of course should. Your credit report should never be composed of lies!

People often find credit cards linked to them that are incorrect. They sometimes also find previously-closed credit cards on the report listed as being open. Dispute anything that is wrong.

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