What to Look For on Your Credit Report

Staying on top of your credit report is vital nowadays and knowing what your report contains is important to maintain good credit health.

Start by requesting your free credit report from the three credit bureaus.

Also Read: Experian, Equifax, TransUnion Offering Free Weekly Credit Reports Through April 2021

Once your reports are in your possession, here are some things you should look for, according to the Consumer Financial Protection Bureau:

1. Make sure your personally identifiable information such as name, address, Social Security Number are correct.
2. Confirm accounts and loans are correct. Often, accounts belonging to someone with a similar name may show up on your account. This is called a mixed file.
3. Identify accounts resulting from any identity theft.
4. Take note of accounts that are reported as open when they should be closed.
5. Note any accounts reported incorrectly as delinquent and any corrections needed for late payment.
6. Look for debts that are duplicates and possibly with different names.
7. Note any accounts with incorrect balances and also incorrect credit limits.

If errors are found, contact the credit reporting agency where you obtained the report and the creditor that provided the information to those agencies.