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What Should I Look For On My Credit Report?

If you already have excellent credit and sparingly apply for new credit, checking your credit reports once a year might be sufficient. However, if you are in the process of rebuilding your credit or preparing to make a large purchase within the next year, you will want to take a look more often. Once every three months is a good place to start. Credit reports are long, so which information should you look at first? Here are the top five things to verify when reviewing you reports:

1. Verify accuracy of any late payments. These should be easy to find.
2. Check the date opened and account status for each credit line
3. Verify accuracy of balance and available credit
4. Check for inaccurate public record and personal information
5. Verify accuracy of inquiry reports

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