Why You Need a Credit Report Review

Have you been getting bombarded with emails about credit reports?  Emails with subject lines like “instant credit report” or “your credit report may have changed” are trying to sell you a product that you can get for free. The Fair and Accurate Credit Transactions Act of 2003 gives you the right to get a free credit report every year from each of the three credit bureaus: Equifax, Experian, and TransUnion. The only official website to obtain these free reports is annualcreditreport.com.  What happens after you pull the free credit reports? How do you know what it all means? One of CCCSMD’s services is a Credit Report Review.  This is the best way to fully understand your credit report and take guided actions to making your report as accurate and positive as possible.

Remove all the Guesswork

The information in the credit report is not always easy to understand.  When you sit down with one of our financial advocates, they will walk you through each section of the report: Personal Data, Credit Use, Inquiries and Public Records.  You don’t have to struggle through understanding your report on your own and they can explain how each section impacts your credit worthiness.

Check for Accuracy

Credit reports are not always perfect and there may be information missing or incorrect.  If inaccuracies are identified, our financial advocates can help you determine quick action steps needed on any errors.  They will guide you through what to expect in the correction process, including how to notify the credit bureau in writing. The credit bureau will follow up directly with your creditors to make any adjustment.

Create an Action Plan

Based on the health of your credit report, our financial advocates can explain how your credit worthiness will be perceived by potential lenders.  Then, they will help you create an action plan with steps you can take to improve your report and your credit score. 

A credit report review is a great way to gain a good understanding of what is driving your credit score and your credit worthiness. Order your free credit report online from annualcreditreport.com or call 1-877-322-8228. Once you receive your credit report, contact us at 1-800-642-2227 for a credit report review counseling session to assist you in understanding the complexities of the report, correcting inaccuracies, and creating an action plan.