To get a sense of how your credit fares, you’ll need to get a copy of your credit report. You are entitled by law to get a free copy of your credit report:
- Every 12 months
- Every time you find a mistake and want to make sure it's been fixed
- If you've been denied credit and in certain other situations, such as fraud
To get your annual free credit report, go to www.annualcreditreport.com or call (877) 322-8228. Once you have your report in hand, study it closely and make sure all of the information is accurate. If there are any inaccuracies such as unpaid accounts or collection notices, you’ll need to correct them as quickly as possible.
To make corrections, contact both the credit bureau and the organization that provided the information to the bureau (there are three bureaus: Equifax, Experian, and TransUnion). They are responsible for correcting inaccurate or incomplete information under the Fair Credit Reporting Act.
For more information about your rights regarding credit and the Fair Credit Reporting Act, visit the Federal Trade Commission website.