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Reviewing Your Credit Report

Errors on your credit reports can negatively affect your credit scores and ability to get a loan. Reviewing your reports on a regular basis can also help you monitor for things like identity theft and fraud. Sometimes your information isn’t reported to all three nationwide credit reporting companies. As a result, some things may not be listed on all three reports, especially information about older accounts, accounts you’ve closed, or some of your older jobs or addresses. This can cause inconsistencies among your credit reports. It’s most important to make sure the information listed on each report is correct.

What to do

  • Start by getting free copies of your credit reports
  • Read through each credit report carefully, using the checklist as a guide for what errors to look for
  • Write down any questions you have or incorrect information you need to dispute

Things to look for

Things to look for
Section   Is this information correct?
 

Header and identifying information

  • My name (including spelling)
  • My Social Security number
  • My current telephone number
  • My current address
  • My previous addresses
  • My employment history
 

Public record information

  • My financial public record information, like bankruptcies, judgments or tax liens
 

Collection agency account information

  • My accounts, if any, in collections
  • The status of each of my accounts
 

Credit account information

  • All of the accounts are mine
  • The status of each of my accounts, such as whether they're open or closed; and whether I paid on time, missed payments or paid less than the amount due
  • I'm accurately listed as an authorized user, cosigner or joint owner
  • All accounts I've closed are listed as "closed by the consumer"
 

Inquiries made to your account

  • I recognize all "hard inquiries" or times when I've applied for credit and a lender reviewed my credit report

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