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Research Personal Finance: Credit Reports & Scores

Your one place to get all your questions answered about all things money related

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Credit Report & Score Basics

Three companies to get your credit report and score

•        Equifax

•        Experian

•        TransUnion

All three companies are required by law to provide you with a free credit report once per year

Break it up and rotate every 4 months to constantly get a new and updated report

www.annualcreditreport.com

DO NOT PAY FOR YOUR REPORT or the actual number, what’s on the report is more important that the score

Did you know that credit reports are even ran during the interview process? Poor credit could mean losing out on a job opportunity

Credit Score Make Up

Also called your FICO (Fair Isaac Corporation Score)

•        35% Payment History

•        30% Amount Owed

•        15% Length of Credit History

•        10% New Credit

•        10% Other/Types of Credit Used

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