When To Get Your Credit Report

When is it best to obtain a copy of your credit report? The best time is at least six months prior to submitting your credit application. Why so? Looking at your personal credit report ahead of time will give you the chance to take the necessary action, in case you may need improvement with your credit score or if there are errors in your report. Hence, you can avoid getting declined by a lender.

Examining your credit report early has another advantage. It puts you in a much better position to negotiate with a potential creditor and request for lower rates. Needless to say, if you are aware of your credit standing, you can be more confident in negotiating with a lender.

But what happens if you found out that you have poor credit? Ordering a copy of your report at least six months before sending in your application gives you more time to work for the improvement of your current score. Within six months, you can take positive action to raise your credit score. For instance, you can pay off your past due bills and be more consistent with your upcoming payments. Doing so will surely improve your credit standing.

After six months, order a new copy of your credit report to check your progress. Bear in mind that even the slightest improvement can make the difference in getting a lower rate or a higher loan amount from a creditor.

Should you order your credit report only if you want to apply for a loan or a credit card? It is recommended to check your personal credit report at least twice a year. Reviewing your report is your best protection against identity theft and fraud.

All consumers are entitled to get one a credit report each year. Visit to get your credit report. If your requesting your second copy or additional copies, the fee cost ranges from $9-$15, depending on the credit reporting agency. Remember that the three major credit bureaus- Experian, Equifax and Trans Union- each have their separate reports so it’s best that you get copy of your credit report from each of these bureaus.

In addition, if you have been a victim of fraud or ID theft, or if you are unemployed, you can request for a free copy of your report.

Should you find errors in your report, exercise your right to dispute inaccurate reporting. Send a letter of dispute to the credit bureau that issued your report so that an investigation can be started immediately. Upon receiving your dispute letter, the credit bureau has 30 days to respond to your complaint.


About the Author:

Suzy Vanstrusen is a credit analyst and a writer on the website EZCreditRepairSolutions.com. She has been providing consumers with tips and wise information about credit repair as well as helping you out more with your bad credit loans.  Copyright © 2010

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