Credit Report. Credit Score.

There are three agencies that track consumer credit. Experian, Equifax, and TransUnion. Get your free credit report and read it carefully. According to The Policy and Economic Research Council, about one in five credit reports have a mistake.

By law, each agency must provide you with one free credit report a year per your request. (You must make three separate requests – one to each company.) If you request a credit report every four months from one of the three agencies you have not yet requested from—you’re covered!

There is absolutely no reason to pay for your credit report. However, you will have to pay for your credit score. You don’t need to get the score often, and it’s a good thing to know. It cost $20.00 at Scores range from 300 to 850. A score of 740 or higher puts you in the category for best rates.

You’ll either be thrilled with your score, feeding good habits, or have a new knowledge to work from. If you’re paying down debt, you’ll see your score improve even within a month’s time.

Keep your eye on the prize!

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