Credit Report

Credit Report

Welcome to the Credit Report section of the YourScoreAndMore Education Center. Here you'll find many articles about credit reports, credit history and how they impact your financial life. Read the summaries below and click the link to read quick facts and the full article.

  • annual credit report

Annual Credit Report Safety

  • annual credit report

Annual Credit Report Scams and How to Avoid Them

The Benefits of Free Annual Reports on Credit

Almost all financial advisors urge their clients to get free annual reports. This way, individuals know exactly what is going on with their own credit history. Credit histories are complicated, and potentially problematic. The credit card companies will surely be in the know about your credit history, and you do not want them having that advantage over you when you do not have a recent annual report.

  • child support payments
  • court judgments
  • credit report
  • tax liens

Certain public records can appear on your credit report. When they do, they may stay there for seven years, or longer, and they can have a negative impact on your credit score. If possible, it is best to avoid having public records show up on your credit report. However, if you currently have public records reported, you need to be aware of some important information.

  • annual credit report
  • credit inquiries
  • credit tips
  • manage debt

Self improvement can always offer great benefits. Exercising on a regular basis can help you enjoy better fitness. Working on your public speaking skills may get that job promotion. Likewise, working to better manage your credit can end up saving you a huge amount of money through the years.

  • credit co-signers
  • credit myths
  • credit report
  • credit truths

With so many people concerned about their credit, it is easy for credit myths to spread quickly. In fact, you have probably heard quite a few myths about the dos and don’ts for managing credit. To help you learn the real truth, here is a look at some of the biggest credit myths out there and the real truth behind them.

  • credit report
  • credit score
  • hard credit inquiry
  • soft credit inquiry

If you have taken a look at your credit report, you may notice both soft and hard inquiries. Both types allow potential lenders to take a look at your credit report. The good news is that your credit score is only affected negatively by hard inquiries

  • credit history
  • credit report
  • credit usage
  • hard credit inquiry
  • payment history

You probably have heard about your credit history repeatedly, but you may not know what it is and how it works. A credit history keeps a record of all credit accounts, such as mortgages, loans, credit cards and more. The main credit reporting agencies include Experian, Equifax and TransUnion.

  • credit report
  • debt to income ratio
  • increasing income
  • reducing debt

If you’re applying for a loan, such as a car loan or mortgage loan, you may have heard the term, “debt to income ratio.” It’s important to understand this term, since it’s a valuable number that is a good indicator of your personal financial health. Here is a guide to help you understand this term, how to calculate it, and more.

  • credit report
  • credit score

Accounts in collection may appear on your credit report if creditors make a mistake or if you have not been keeping up with your bills. Understanding how these accounts affect your credit is imperative and you need to know what to do about these problems. Although you want to avoid this problem if possible, here is some helpful information for consumers already noticing collections information on their credit reports.

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Quick Facts

There are many myths and truths surrounding good and bad credit habits. Here's what you need to know:

Myth: Closing old accounts raises your credit score.
Truth: Keep old account open.

Myth: Checking your own credit report raises your score.
Truth: It has no impact.

Myth: Paying off a debt can raise your score 50 points.
Truth: It can help, but it's only one of many factors that influence your credit score.