Free Credit Report

Building your credit history and maintaining a good credit score are very important factors in assessing your financial health.

What is credit?
Credit is when an individual obtains goods or services before paying for them, based upon the trust and commitment that he/she will pay for them at a future agreed upon date.

What is a credit score?
Your credit score is a statistical representation of your creditworthiness or responsibility with credit management. This number, on a scale, demonstrates your likelihood to repay your debts for goods or services received. The higher your score the better as it will improve your eligibility and rate for loans and even candidacy for employment.
Credit reports show your credit score and contain consumers’ identification and financial information, including payment history with different creditors, inquiries made by various financial institutions, and information on the public record, such as foreclosures or bankruptcies. Consumer reporting companies collect and sell this information to lenders and other businesses that have a permissible purpose to obtain it.

It is important to monitor your credit on an annual basis to detect errors, implement corrective changes to their financial habits and to detect and defend against identity theft.

Every individual is entitled to a free annual credit report from each of the three nationwide consumer reporting companies – Equifax, Experian, and TransUnion.