What’s in a Credit Report?
Your credit report is basically your financial report card. It provides a record of your borrowing and money management history and is used to calculate your credit score. Lenders refer to your credit report to determine if you are a good credit risk before approving a loan. If you have a good credit report, you are more likely to get more credit and a better interest rate than someone with a poor credit report.
You can get a free copy of your credit report from each credit reporting agency once a year by going to www.annualcreditreport.com. You can ask for all three at once if you want to compare the information and make sure it’s consistent. In the future, request one every four months, so you can monitor your credit throughout the year.
Use the Interactive Sample Credit Report below to learn about the information included in a credit report. Tap any of the Blue text shown (or hover over the text with your cursor on a desktop PC) to toggle a popup with more information about that portion of the credit report.