Your Credit Report

Your credit score is one of your most precious resources...especially in today's economy! A good score (above 720) can open doors and save you money. But what if your score is "bruised" amid the credit crunch?

Don't fret. Here are some tips to repair damage and increase your credit rating:

• Order a credit report from the top three bureaus (Equifax, Trans-Union and Experian). Don't be surprised if the results are slightly different. Creditors aren't required to report to all three credit bureaus, so they typically report only to the bureau to which they also subscribe.
• Examine your reports carefully. Nearly every consumer has an error on at least one credit report from one of the major bureaus. Errors can include typing, outdated and incomplete information to innacurate account history. Make a list of items to dispute and why.
• Dispute. Either by completing the dispute form provided with your report or write a letter. Identify each mistake and state why it's wrong. Send a photocopy of your report with the mistakes circled to the reporting bureau. Include copies of supporting documents.
• Document. Keep copies and records of all forms, letters and documentation you send to the bureaus plus the dates sent. The bureau must investigate any relevant dispute within 30 days of receiving your letter.

Click here to order a copy of your credit report (you are entitled to one FREE report from each bureau each year). However, this program does not entitle you to your credit score.