Your Credit Report Request
Making a credit report request is something you should do every year, and the good news is that it’s free.
In fact, each of the consumer reporting companies who are responsible for collecting your credit history and reporting it are legally obliged to offer you a free copy of your credit report annually if you ask for it.
And asking for your free credit report can be a very smart move.
You see, by knowing what is on your credit report you can get better and cheaper access to finance which will come in handy when it comes time for you to get a mortgage or take out a loan for whatever reason. It can save you years of repayments and thousands of dollars.
But you need to make sure your credit report is in good shape.
Firstly, request your credit report from each of the three main consumer credit agencies.
Next, highlight the items on your credit report that are wrong or misleading. These items are what will give you the chance to improve your overall credit score.
You should make a list of those items along with a detailed explanation below each item showing why you think the item is unfactual or misleading.
If you have any evidence such as recipts, you should make a copy and attack it to your list as this will help your case.
Send you letter off to the appropriate credit reporting agency with a request that they look into the highlighted items. They will usually get back to you within a month with corrections.
That is how you go about improving your credit score over time and why it’s important to put in your credit report request annually.
By constantly improving your own credit report you will get many benefits from loan institutions and banks that can save you a lot of time in repayments not to mention a lot of money in interest.
