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Your consumer credit report is simply a collection of your spending habits. It includes where you’ve lived and worked, your payment history, any bankruptcy declarations, any lawsuits and any jail time served.
You want this record clean if you need to apply for a loan or credit, for certain types of insurance, for certain jobs and for housing, whether renting or buying on credit.
You should check this at least once every 2 years. The "big three" (Equifax, Experian and Trans-Union) will provide you with a copy for no more than $8. You can also order a free copy of your credit report here.
There is no charge for the report if you have been denied credit, insurance or a job. You must request the report within 60 days of the denial or credit inquiry.
There is also no charge in some states due to state laws requiring a free copy if there are a certain number of inquiries into one’s credit. Living in Colorado provides me with a free copy if there are at least 3 inquiries into my credit.
Much like old wounds, only time will heal a bad credit rating unless the information is false. It pays to be good!
You can get a free copy of your credit report through Consumerinfo.com
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