Credit Report

Credit Report

To receive your free credit report, go to, or call 877-322-8228 or write the Annual Credit Report Request Service at P.O. Box 105281, Atlanta, GA 30348-5281. To receive your FICO credit score as well, you will have to pay a small fee.

You'll need to provide your name, address, social security number, date of birth and an answer to a question only you would know.

For a small fee you can also order a copy of your credit report directly from one of the national credit reporting agencies listed below. It is advisable to review all 3 credit reports because they main contain different information on your credit history.

National Credit Reporting Agencies

Transunion (
Experian (
Equifax (

To receive a combined copy of all 3 reports go to:

Additional Credit Resources

Consumer Credit Counseling Service (CCCS)
For help with repairing your credit or resolving problems with creditors, call 800-388-2227 for the CCCS office nearest you, or visit the CCCS Web site,

Federal Trade Commission (FTC)
For help with credit reporting problems, call 202-326-2222, or visit the FTC Web site,

Fair Isaac
For more information about credit scoring, visit Fair Isaac on the Web,

How to Review Your Credit Report

Review the report carefully, and pay close attention to the number of accounts, total account balances, and the timeliness of payments. Errors can occur in your credit report. If you find any negative information that appears to be incorrect, you should contact the credit reporting agency.

You have the right to question the accuracy of items reported on your credit report if you believe they are incorrect. The credit reporting agency then must investigate any item you believe to be in error on your report within a reasonable period of time. Any errors that the agency finds must be corrected within a reasonable time period (normally within 30 days); any information on the report thought to be in error that cannot be verified as correct by the agency must be deleted from your record.

If the item in question is found to be correct, you have the right to add a personal statement on your credit report explaining what happened to cause the negative item.

Common causes for errors are:

  • inconsistent reporting by creditors
  • wrong or misplaced dates
  • wrong amounts
  • double reporting
  • incorrect reporting due to common names
  • parents and students having the same address and name
  • incomplete reporting of demographic information

Errors on your credit report can be corrected, but it may take several months to complete.

What is a Credit Score?

Credit scoring is a quick method of determining the likelihood that you will repay your loans based on your past credit history. A credit score is based directly on the data found on your credit report and reflects credit payment patterns over time. Your score will change as the information on your credit report is updated. It's important to understand your credit report because most lenders will use your score for auto, personal, mortgage and private student loans. Some factors used to calculate your credit score can include promptness in paying bills, number of credit cards, total credit limit, and the amount owed on accounts. Credit-reporting agencies may use different credit-scoring models; however, all generate a score that determines your credit risk.

How to maintain a good credit score:

  • Pay bills on time. Delinquent payments will have a negative impact on your score.
  • Maintain low balances on credit cards and other revolving credit. High balances may scare a lender.
  • Avoid an excessive number of open accounts. They won't necessarily raise a score.
  • Check your credit report for errors and protect yourself from fraud.

    Student borrowers are often concerned about having multiple student loans and a large amount of education debt; however, this does not necessarily mean you will have a poor credit score. How well you managed credit in the past is the important thing.

Some factors that can negatively affect your credit score are:

  • serious delinquency, derogatory public records, or collection accounts
  • the proportion of balances to credit limits is too high
  • the proportion of loan balances to loan amounts is too high
  • too many new accounts
  • too many accounts with balances
  • insufficient time since account was established
  • too many credit inquiries in the past 12 months
  • too many finance accounts

Want to borrow an alternative loan, rent an apartment or buy a car or home sometime in the future? Chances are a lender will be pulling your credit report to determine whether or not to lend you money or extend you credit. Your credit report is a snapshot of your credit history. Credit reports typically include information such as the type of debts you have, current balances, payment performance, available credit, public records, and a record of credit inquires in the past two years. Some negative credit information may remain on your credit report for up to 7 years; bankruptcy can remain for 10 years. Student loan default remains on your report for 7 years. These, along with other factors, enable lenders to grade you. What they're grading on is whether and how well you have kept your financial promises.

Checking Your Credit History

You have a credit history if you have at least one credit card, consumer loans such as auto loans, student loans, or any other form of personal credit. It is a good idea to request a copy of your credit report each year to ensure that no errors exist or to resolve errors that do exist. You can request of copy of your credit report from any of the national credit reporting agencies listed below. Note: If you have been denied credit, you have the right to a free copy of the credit report used in this decision within 60 days of the denial from the appropriate credit reporting agency.

Ordering a Credit Report

Review your credit report annually to ensure its accuracy, correct errors and protect yourself from credit card fraud and/or identity theft. Since December 1, 2004 you can obtain a free credit report from the three nationwide consumer reporting companies (Equifax, Experian and Trans Union). An amendment to the federal Fair Credit Reporting Act requires these companies to provide a copy of your credit report, when requested, once every 12 months.