The Illustrated Guide to Your Credit Report

Posted

Here’s a informative post from Credit.com:

You know you’re supposed to check your credit reports regularly, but you might not know what to look for once you have the report in front of you. Credit reports are lengthy, detailed documents that aren’t always easy to understand. But if you want to stay on top of your credit, you need to know how to read your credit report—and you need to know how to spot mistakes, inconsistencies and signs of fraud so you can correct them.  A working knowledge of the weak points in your credit can also motivate you to improve on those areas and build your credit.

To make it easier for you, we’ve taken a sample credit report and annotated it so you can use it as a handy reference for when you pull your credit report. While each of the three major credit reporting agencies (Experian, Equifax and TransUnion) maintains separate reports, the format is consistent.

You can get a free credit score and credit summary using Credit.com’s Credit Report Card, and you can check it as often as you want. AnnualCreditReport.com gives you free access to your full credit report once per year from each of the three major CRAs.

Click on the image below or download the Credit Report Cheat Sheet as a PDF.


The Ultimate Credit Report Cheat Sheet (via Credit.com)

You know you’re supposed to check your credit reports regularly, but you might not know what to look for once you have the report in front of you. Credit reports are lengthy, detailed documents that aren’t always easy to understand. But if you want to stay on top of your credit, you need to know…

 

 

More From Credit.com

5 Reasons to Monitor Your Credit
Why Do Credit Cards Have Expiration Dates?
Harassed About a Debt You Don’t Owe? 5 Ways to Fight Back