credit cards

7 steps to spring clean your credit report

Spring clean your credit report
Next
1 of 8
Spring clean your credit report

When you're thinking of tidying and reorganizing your linen closet or your garage, don't forget about your credit report. Your credit history is the foundation to financial stability. The information in your credit report is what scoring companies such as FICO use to generate your credit score, which governs everything from how much you pay for a loan -- or if you can get a loan at all -- to your insurance rates.

Paying attention to your credit report only when you're about to make a big purchase such as a house or a car can backfire. According to a 2004 U.S. Public Interest Research Group study, nearly 80 percent of surveyed reports had inaccuracies. If there is any issue that takes some time to sort out, that can create a headache if you're racing the clock to secure a loan. Get a head start by going over your credit report now, and check up on it periodically so you can catch and fix any issues right away.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.04 15.71%
Cash Back Cards 16.32%  0.04 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
Search
advertisement
CREDIT CARD WEEKLY NEWSLETTER

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Blog

Allison Ross

What’s your most embarassing number?

NFCC poll: 37 percent of respondents are most embarrassed to admit their credit card debt.  ... Read more

Partner Center
advertisement

Connect with us