Why Credit Report Reviews are Important
Understanding your credit report, how it impacts you and how to build a healthy credit history can be confusing! Your credit report and score impacts most areas of your financial life and can have a long term effect on your ability to obtain credit at reasonable interest rates. Creditors use your credit report and score as an assessment tool when making the decision to extend credit. Knowing how to interpret your credit report and how to dispute inaccurate information, learning what and how data is reported, as well as understanding how the decisions impact your credit report and score can assist you in gaining more control of your overall financial wellbeing.
How it works/how to get started?
Call today to speak with a CCCSMD Financial Advocate who can provide you with your credit report review and explain the credit report process as well as why it’s important to review your report regularly. Your Financial Advocate will pull your credit report, discuss possible strategies that may help you improve your overall credit worthiness, and can complete a budget and financial review with you.
Why Choose CCCSMD?
Our Financial Advocates are committed to providing you with a comprehensive financial review, valuable education on credit reporting as well as a review of your individual credit report. An individual review of your report allows your Financial Advocate to tailor suggestions and make recommendations based on your unique circumstances and credit profile.
Credit Report Review FAQs
Do I get a copy of by credit report?
Your Financial Advocate will forward you a copy of your credit report and score once your credit report review session is completed.
Is there a charge for the session?
The credit report review, including the credit report, is $40 for an individual and $60 for a couple.
What happens during the session?
A Financial Advocate will access your credit report and:
- Explain how to read the credit report
- Explain the main influencers on your credit score
- Explain who reports information to the credit report bureaus and what the information means
- Provide details on how long derogatory information remains on your credit file
- Provide details on how to dispute inaccurate information
- Create an Action Plan with action steps specific to your credit report
- Discuss strategies that may assist in improving your credit worthiness
Is my credit score hurt as a result of it being pulled for the session?
The request for your credit report for the purposes of your credit report review session is considered a “soft pull” and will not impact your credit score. A “soft pull” means that your report is being pulled for information purposes only and not in relation to extending credit.
Will the session help repair my credit report?
CCCSMD is not a credit report repair entity and does not dispute or delete items from your credit report. Your Financial Advocate will review possible steps you can take yourself versus paying a for-profit organization.