A credit report contains important information about your credit behaviour. It’s a compilation of information about how you handle debt and is maintained by credit bureaus. The Credit Bureau compiles your credit record based on information provided by your creditor(s). Your credit report captures financial information that lenders use to determine your creditworthiness. Account information is typically updated every month and each account may be updated on different days.
This information is assessed by creditors when you apply for new credit. If you have a positive credit report, you may be more likely to qualify for credit solutions.
By law, all credit-active consumers can access a free credit report for free. Your credit report carries a lot of weight, so it’s important to keep an eye on what it says about you. You need to make sure that you review it for accuracy. Studies have shown that some credit files have an error rate that may be as high as 70%, so you should fix mistakes or remove any incorrect information as soon as you find them.
Where can one get a comprehensive credit report for free?
Credit Bureau Experian provides access to a 100% free credit report. There is no credit card required and you can see your latest credit information.
By choosing Experian, you can get notified when new inquiries, new accounts, public records, fraud alerts and personal information updates are detected on your Experian Credit Report. Your credit report displays what debt you have incurred over the past 24 months and if there have been any critical changes to your credit profile.
All Experian credit reports contain the information you need to assess your entire credit history. It can also help ypi make good financial decisions and detect signs of identity theft early.