Your Credit Report and Score
When was the last time you requested and reviewed your credit report? If you haven’t done it in the past 12 months, put it on your schedule for January. Your credit report is your financial report card and it’s more important today than it’s ever been. Pretty much everyone is looking at your credit report – potential and current creditors, insurance companies, utility companies, and even employers. Let’s take a peek at who’s looking at your credit:
- Financial institutions use it to determine whether to loan you money and at what interest rate.
- Insurance companies review your credit report to determine your premiums and whether to continue insuring you.
- Potential employers may request your credit report to determine if they should hire you.
You can request a free copy of your credit report every 12 months from the three major credit reporting agencies — Equifax, Experian and Transunion. Requesting your credit report is simple — you can request it online or by phone at 877-322-8228.