Where do I get my credit report?

by on January 29, 2006

Q: How do I find out about my credit report and what the report means?

A: You are allowed to get a free copy of your credit report from each of the 3 credit reporting agencies once a year. You can also visit the FTC website to find out more about credit reports and your rights. It is important to review your credit report to make sure the information on it is correct. Having incorrect information on your report can hurt you when you to go get a loan.

The downside to the free credit report is that it is missing a key feature that creditors look at when it comes to credit reports. They are missing the credit score. A credit score is one of the main factors in what interest rate you will get on your loans and credit cards.

When I started looking into credit report and my credit score I decide to use a company called myFICO and I used their Suze Orman’s FICO credit kit product which has a virtual Suze Orman walk you though your credit report telling you what you are doing wrong and what you are doing right. She also gives you pointers for increasing your score.