Your Credit Report

It is well established that credit scores are now a cornerstone of the U.S. credit system. Credit scores determine or greatly influence access to housing, unsecured credit lines, insurance, utility & cell phone services, and employment.

Since they are based on credit reports, it is imperative that the underlying data be correct for the score to have any meaning and consumers to accept the validity of credit scoring.

The growing use of credit scores has expedited the speed and efficiency of credit granting and the customized pricing of credit. However, in consumer and commercial lending, inaccurate scores can result in unfair treatment of borrowers who are denied or charged high prices for credit.

Your credit history is neatly summed up in what’s called a credit report. It includes the account history information you might expect, along with your employment and personal information (among other things).

 More than one credit report company or bureau keeps records on you as well. These include Equifax, Experian, and TransUnion. While they all record the same information, it’s important to note that they don’t share this information with each other.

Once you get your credit report, you will want to review it carefully. Ordering it is not enough—you have to read it. Credit reports may have mistakes. And if there are mistakes, you are the only one who is likely to find them.

Your credit report contains a lot of personal and financial information. Be sure to keep any hard copies of your credit reports in a safe and secure place. If you do not want to hang on to your credit reports, be sure to shred them before getting rid of them.

Get your free credit reports at

Call today to learn how to get or restore your credit 303-990-4463

Credit ReportsGeorge Wheeler