![]() ![]() However, credit scores are not shown on your credit report because they represent a different insight into your credit. Public Record and Collections: Refers to personal information such as bankruptcies, debt collections, and any pending legal issues. Hard inquiries are made each time you apply for a new line of credit, while soft inquiries are made each time you view your credit report. Personally Identifiable Information (PII): Refers to personal information that can be used to identify you, such as your full name, current and previous address, date of birth, and social security number.Ĭredit Accounts: Each credit account you have opened with various creditors and lenders.Ĭredit Inquiries: Inquiries are a record of who has accessed you credit report and on what date. The data within your credit report is used by various lenders and creditors to determine your financial responsibility, and whether or not you are a risk in terms of extending credit.Ĭredit reports contain data from four main categories of personal and financial information. Your credit report contains several pieces of crucial information, such as your credit history, the different types of credit you have previously used, and for how long, any outstanding debts you may have, and how frequently you made payments on the agreed-upon due dates every month. Take a look at some of the innovative credit monitoring tools we offer. Also, use our Action buttons to communicate directly with your creditors, so you can better control your future credit score. With tools such as ScoreTracker, ScoreBuilder ®, and ScoreBoost ™, it's now easier than ever to track all your scores and see what's helping or hurting your credit score. With SmartCredit ®, our goal is to provide you with a simple platform for your money and credit all in one place, and with innovative tools to help you rest assured that your credit accounts are being monitored 24/7. With a credit monitoring service you can trust, not only will you be able to receive your credit reports and scores easily, you will also be notified if any suspicious or unauthorized activity occurs on your credit report. While reviewing your full credit report throughout the year is a great way to stay on top of your credit, your financial information needs all the protection you can give it. They will assist you in recognizing errors and ensuring that your data is represented correctly.With the increased risk of identity theft and credit fraud, it's more important than ever to know what's happening with your credit at all times. If you’re a member of NIH Federal Credit Union you can work directly with our partner Greenpath to get a free review of your credit report. Getting your free credit report from all three credit reporting companies is easy and can be done through one website that was setup by Equifax, Experian, and TransUnion. In addition, credit reporting companies are responding to disputes slower during the pandemic, creating even more of a need for checking back in on your credit report. If you took advantage of any of these programs, such as modified payment arrangements, deferred payments, or forbearance, you should be aware of how they are reflected on your credit report. Many companies offered specific pandemic-related programs to help alleviate financial strain on borrowers. A free credit report could help you identify and report any issues, and a second pull of a free report a month or so later could help you ensure that they are removed. Monitoring your report can help you identify fraudulent activity or errors on your report that could damage your credit score. Let’s take a look at why understanding your credit report is so important. This is a great chance for you to get a good sense of where you stand with your credit at no cost to you. Typically the federal government allows Americans to access their credit reports once a year for free, but during the pandemic, the three credit bureaus-Equifax, Experian, and TransUnion have all opened that up to once a week through April 20, 2022. If you’re looking to make some moves in 2021, a good place to start is understanding your credit. Looking for something good that came from the pandemic? Well, Americans are saving more than ever before and seem to be far more serious about their financial future. ![]()
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