Credit scoring Salt Lake City

People and companies make mistakes – and these errors could well be reflected in your credit history. When you get your credit report, you’ll be able to review your report for any mistakes. These could be as small as a misspelling of your name, an incorrect address, or an employer you’ve never had. However, these errors could also be far greater – and more damaging. Credit reports can contain mistakes such as information that is not correct, complete, or up-to-date, or that indicate outright identity theft. Identity theft may be indicated by the presence of bogus accounts on your credit report, as well as other unauthorized financial activity under your name. Catching and preventing identity theft, along with the opportunity to spot and dispute any other errors in your credit report, is a major reason to obtain your credit report. Your credit report is consulted by lenders, credit issuers, landlords, and potential employers, all of whom consider your credit score a reliable indicator of whether you have been financially responsible in the past and are therefore a good risk. Becoming an informed consumer means doing a regular credit check so that you can see what all these other people are seeing. If credit scoring Salt Lake City you’re preparing to apply for a mortgage, auto, or other loan, get a credit card, rent an apartment, or compete for a new job, it’s valuable to check your credit report beforehand so that you can fully understand your financial picture. free credit report websites Even if you’re not seeking to meet these goals, it’s still important to get your annual credit report credit scoring Salt Lake City so that you understand how credit credit scoring Salt Lake City can affect you and your household. Sometimes emergencies come up and you need to get credit straight away – it’s best to know where you stand before that occurs. Checking your credit helps you figure out what accounts to keep and which ones you close. Once credit scoring Salt Lake City you get your free credit score, you credit scoring Salt Lake City can do the calculations to decide which accounts are helping – and which are hurting.

Doing a credit check may be particularly helpful before making a credit scoring Salt Lake City major life change such as getting married. When you get married, elements of your credit history can mingle with those of your spouse – it’s important for both of you to understand the good, the bad, and the ugly of credit scoring Salt Lake City each other’s financial histories before you say “I do.” Under the Fair Credit Reporting Act (FCRA), each of the major nationwide credit reporting bureaus -- Equifax, Experian, and TransUnion – must provide consumers with a free copy of their credit reports every 12 months. free credit report and scores These three bureaus collect and disseminate consumer credit information that is then used to compile your credit report. Also known as consumer reporting agencies, these bureaus have databases containing consumer credit reports, which are meant to evaluate an individual or corporation’s creditworthiness. Credit bureaus collect financial data, personal information, and alternative data such as payment histories from utility firms, telecommunications companies, rental payments, and electronic payments. Credit bureaus receive their information from data furnishers such as lenders, creditors, debt-collection agencies, credit scoring Salt Lake City utility companies, and courts providing public records. These data furnishers report their payment experience with a consumer to the bureaus, who in turn aggregate this information credit scoring Salt Lake City and report it on the consumers’ credit reports. As part of the FCRA, the three bureaus have set up a central website that allows consumers to order their annual credit reports. That site, www.annualcreditreport.com, lets consumers order all three reports from Equifax, Experian, and TransUnion at the same time, or to order each report individually over time. In order to receive your credit report, you must provide your name, address, Social Security number, and date of birth, as well as a previous address if you have moved within the past two years. free credit report instantly

You may also be asked for specific information that only you may know, such as the names of lenders with whom you have opened accounts.