Checking your Credit History is the best way for lenders such as banks, credit officers, home owners and others to measure the risk of doing business with you. Your credit history determines whether you will qualify for a loan and the price you will have to pay for that loan, whether you will be able to rent from an apartment, or whether you will get good auto insurance.
Credit history is a report that documents everything related to how an individual has handled their credit. It includes information about loans and payment of credit cards, bank loans, mortgages, auto loan, and any other debts incurred with a creditor. Credit history includes not only open accounts, but also all credit card accounts and loans already cancelled. It details late payments, defaults on loans and banks if any.
What’s on my credit report
You are entitled to a free credit report every 12 months by each of the three major consumer credit reporting companies (Equifax, Experian and TransUnion). You can request a copy in AnnualCreditReport.com.
- Your personal data: name, current and previous addresses, social security number, date of birth, employment history and income, and ownership or not of the home.
- Credit information: Information about each account you have or have had, such as opening date, credit or loan limit, monthly payment, and recent payment history. This information is obtained from a large number of sources, including banks, credit unions, credit card issuers, mortgage and loan companies, homeowners, insurance companies, professional services organizations, among others.
- Public Registry Information: This includes information from government agencies, including Federal Bankruptcy Registration, County or State Court Records, Debts or Preventive Embargo of Taxes, Monetary Trials, family pension commitment or child support (in some states). All this information remains registered for a period of 7 years, but in the event of bankruptcy the time is 10 years.
- Inquiries about your report: The names of any person or institution that has requested a copy of your Credit Report in the past year (or the last two years for employment-related investigations).
3 top credit report companies
Credit Reporting Agencies Companies that collect and sell Credit History information in the United States are called the Credit Bureau. The three major credit bureaus are Experian, Equifax and TransUnion. Here are the addresses and phones:
Request credit reports from all three bureaus
- Equifax, P.O. Box 740241, Atlanta, GA from 30,374 to 0241 (888) 766-0008.
- Experian, P.O. Box 2002, Allen, TX 75013 (888) 397 3742.
- Trans Union, P.O. Box 2000, Chester, PA 19022 (800) 916-8800.
Free credit report government mandated
you have the right to check free credit once a year at all three credit agencies, as U.S. federal law requires you as a consumer to get your free credit report as a consumer right to protect yourself from crime and practice Fraudulent.
you can request an up-to-date and free copy of your credit history from TransUnion, Experian and Equifax because the FCRA Act, the FDCPA and the Fair Credit Transfer Act indicate that you have the right to request your credit report once a year, whether you request it p or the internet, by mail or by phone by providing your date of birth, social security number, address and full name.
In your credit report you will get the information about where you lived and whether you pay your bills on time or you are late. You’ll find bad accounts, overdue debts, and collection accounts, as it’s important to check the accuracy of this report once a year because it’s common to find errors mostly due to identity theft.
Request credit report from experian Equifax TransUnion phone
You can contact TransUnion, Experian and Equifax by phone to request your free credit report once a year, because although they all have the option that you can apply online, they also offer you an 800 to request it by phone.
With Experian, you can contact 800-846-5279 as an automated service or 714-830-700 so you can talk to one person, but have Experian’s most recent report with you.With TransUnion you can contact 800-916-8800 or Equifax at 1-800-766-0008.
10 Smart Ways to Build Good Credit
Having a good credit history is very important to access mortgage, vehicular credits, it is also vital to have a good job, if you are looking for a good financial reputation, we will share some guidelines.
1. You can start early and slowly
Regardless of age or amounts of your consumption, you can start building a credit history. The time you have with a savings account or a credit card and the responsible use of them are key factors.
2. Watch on payment dates
The healthiest thing for your economy is that you map the dates of your payments through schedules. Your financial institution is almost likely to provide you with a document with this data so you can organize your dues.
3. Don’t abuse card benefits
When you have a card it is easier to spend the money. In addition, we are often tempted by the benefits of credit cards; However, be aware of the expenses you are making because at the end of the month everything adds up!
4. Develop a plan
If you don’t remember the dates, one tip is to start organizing in detail. You can create a plan to help you visualize your closing dates and your payment date limit. With a plan you can also organize certain extra expenses. In addition, you could set alarms or alerts to keep the dates in mind.
5. Late payments?
Catch up as soon as possible: Try to pay for everything you’re late for. Household receipts, credit card bills, cell phone, online accounts. This will help you check if all the expenses you make are really necessary.
6. Learn about fees when shopping
Before making the payment of any product, ask the sales person all the questions about the payment methodology and how you will have to assume it and above all, in how long.
7. Plans and anticipates major acquisitions
If you’re thinking of buying items or goods that demand a high monetary value, plan a rough date of purchase so that you reserve a certain amount of money and don’t generate debt at the moment.
8. Have extra savings
Save money at the end of the month because it will serve as a personal savings system. In this way, you will be able to act responsibly when you are in the face of an economic crisis situation.
9. Tell not to over deude
Avoid generating debt on other debts: This is a common action but seek help from a financial specialist so you don’t enter a vicious debt repayment cycle but generate more loans.
10. Request a report of your credit history
As a bank customer you can access your credit history and get a report of your career. In this way, you can corroborate the information or improve certain aspects.