Improve Credit Tip 1: Obtain Your Free Credit Report
In order to improve your credit score, you need to know what information is on your credit report. The Fair Credit Reporting Act (FCRA) gives you the option to obtain a free credit report from each of the three nationwide consumer reporting companies once every twelve months (annualcreditreport.com is the central website the credit companies have set up). You may want to consider subscribing to a credit score monitoring service while you are working on improving your credit, but this can an added expense and may not be immediately necessary.
Your credit report contains information on where you live and have lived, information from your creditors on how you pay your bills, and other information related to judgments, bankruptcies or foreclosures that may appear on your credit report. This information may be used by insurance companies, employers, potential creditors, and can be used in verifying whether or not you are able to rent a home. Obtaining and understanding what information is on your credit report can help you know what you may need to address in order to improve your credit score.
Once you obtain your credit report, verify that all of the information contained in the credit report is accurate. If you have inaccurate or unverifiable items on your credit report you may want to hire a credit repair services firm or contact the credit bureaus on your own in order to work on getting the inaccurate items removed.