A credit report will help you rebuild your credit and this is the most common reason people request a copy of their credit report. A person’s financial history is listed in its entirety on their credit report. The entries will include identifying information, payment history, and credit accounts. A quick review of your credit report will let you know if all of the information recorded is accurate or if there are some inaccurate or false entries. Any inaccurate or false information listed has already affected your credit score.

If a person discovers inaccurate information on his credit report, he can dispute this information by sending a letter to the credit reporting bureaus requesting a revision or deletion of the information. If, within 30 days, the credit bureau cannot obtain verification of the disputed information, the credit bureau must remove the entry from your credit report. This will increase your credit score.

Another reason for obtaining a copy of your credit report is budgeting. By viewing your credit report, you can determine if you should attempt to consolidate your debt or if your should re-prioritize your debt payments.

Identity theft is another reason for requesting a copy of your credit report. By obtaining a copy of your credit report you will be able to compare your knowledge of your recent credit transactions against what has been reported to the credit reporting agency. Identity theft is a very real concern and threatens a person’s credit worthiness in addition to their financial situation.

Your credit report can be obtained several different ways. There are internet companies that offer copies of credit reports and you can contact one of these companies. Alternately, you can contact one of the three major reporting agencies – TransUnion, Experian, and Equifax – for a copy of your credit report. Pursuant to Federal law, these major credit reporting agencies are required to provide you with a copy of your credit report, free of charge, once every twelve months. To request a copy of your free credit report, you can call Annual Credit Report at (877) 322-8228.

However you decide to do it, order a copy of your credit report today. Once you have it in hand, take a few moments to review it for any entries which are inaccurate or false. This is the first step toward rebuilding your credit.

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