Personal Credit Report

Posted on May 21, 2015 in Credit Report

Your personal credit report is one of the most important pieces of information you have associated with your name. This personal credit report details what affects your credit rating and outlines what your credit score is. Your credit score is then used to determine a number of things such as whether or not you are given a loan, extended credit, or even offered a job. Since your credit score can carry some hefty ramifications if it is very low, it is important that you monitor and constantly try to improve your credit rating.

There are several different ways that you can go about obtaining your personal credit report. You may apply for a free credit report once per year from the three major reporting bureaus. This can be done via the web, phone, or mail. The easiest way to obtain your personal credit report is through the website This is the only official website to get your free personal credit report from all three of the major reporting bureaus. Any other site claiming to offer this service will likely try to charge you a fee for providing you with your credit report.

It is very important that you constantly monitor your credit rating. You will want to know right away once something is added to your personal credit report so that you can take the necessary steps to get that item removed. Because you are given a free credit report once every 12 months it is recommended that you actually pull your report ever year. However, you do not want to request your personal credit report too often as this can actually have a negative impact on your credit rating. Once per year should be sufficient enough.

If you happen to find any inaccuracies in your personal credit report you will want to notify the major credit bureaus right away. The FTC has a great website that details what you should do in the event you find an error or inaccuracy on your credit report. By continually checking your credit report for any errors will help prevent your credit score from dipping due to an unwarranted reason.

If there are no errors but instead you find yourself with a low credit score you will want to start taking the necessary steps towards improving your credit score. One of the best ways to increase your credit rating is to pay off your monthly bills in a timely matter. If you start to do this every month you will be on the right track in restoring your credit. In addition to paying your bills on time you will want to pay off any past debts that are having a negative impact on your score. Only after you have paid off any past debts will you be able to fully improve your credit score.

Your credit score is one of the most important things that impacts your daily life. If you have a low credit rating you will find it nearly impossible to receive a new credit card or loan. In order to closely monitor your credit rating you will need to pull your personal credit report once a year. This report will tell you everything that is affecting your credit score and allow you to take the necessary steps in improving your score so that is does not affect your ability to receive a new line of credit.

Back to blog