Credit Score Info

Factors Affecting Your Score

  • Inaccurate payment history information including payments are listed as late that were paid on time.
  • Debts you paid off that are still listed as outstanding.
  • Old debts (7+ years) such as collections and unpaid judgments should be removed from your report after 7-10 years (depending on the type of debt.)

Managing Your Credit Report

Obtain a copy of your credit report and review it at least once every 12 months. Contact one or more of the agencies listed below to request a copy of your credit report.

What if you find an error?

To protect your rights, report errors in writing. After you’ve notified a credit-reporting agency of your dispute, by law they have 30 days to investigate. If the credit-reporting agency can’t verify the information, it must be removed.

If the information is later determined to be accurate, it will be reinserted on your report.

Additional reports can be sent to companies you requested credit from within the last 6 months and any employer who has requested a report within the last 2 years.

Easy Ways to Improve Your Score

  • Pay your bills on time.
  • Pay the full amount due on secured loans each month.
  • If you can’t pay the full amount due on secured loans, request to make an interest-only payment until you can make the full payment.
  • If your financial situation is serious, seek the advice of a reputable, non-profit credit counselor.

Learning how your credit score impacts your ability to purchase goods and services will help you make wise financial decisions regarding when and where to use your credit.

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