Credit Report – A Basic Guide for Consumers

A credit report is a specially-designed statement that includes specific information about past and current credit activity which has a direct impact on an individual’s capability to receive loans, financing, and other types of monetary assistance.Check Credit Report

Tips to Improving Your Credit Score

If you want to have a positive credit score on your credit report, there are many steps that you may take. These include the following:

  1. First, ensure that all of your bills are always paid on time. Not only does this improve your score, but it also helps you improve your chances of having direct access to various sources of credit in the future.
  2. Avoid using all of your credit cards to their max limit. This could drastically lower your credit score. Instead, use a little, pay it down, use a little more, pay it down, ensuring accounts are kept open so that your score continues to build.
  3. If you experience difficulties in paying your bills, attempt to negotiate the terms of what you owe. You may obtain counseling on this endeavor to make it easier.

For more information on credit reports and obtaining information on credit reports, contact us today.

Resources:

https://www.bankrate.com/finance/credit-cards/what-is-a-credit-score.aspx
http://www.creditreport.org/credit-report/
https://www.fdic.gov/consumers/assistance/protection/creditreport.html