Knowing Where You Stand
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Knowing Where You Stand
Credit reports are not just something to be used by creditors to see if you are a reliable person. Requesting your report from credit report agencies can be a valuable tool for you. By finding out what your score is and what creditors will see if they make inquiries, you will know where exactly you stand.
If you see that your credit score is not very strong, you can make a focused effort to change it. By requesting these reports every six months you can track the progress you make and see what has positively and negatively impacted your credit standing. This will show you what is working and what is not.
Knowing what is contained in these reports can also give you a better idea if you are going to be approved for a loan, credit card, mortgage or other line of credit. Then you can plan your finances accordingly.
Make sure to request your report from all three reporting agencies: Experian, Equifax and TransUnion.
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| Christina Chan |
