From data entry mistakes to the results of identity theft, errors on your credit report can lower your credit score. That in turn can limit your ability to qualify for favorable interest rates on loans or new credit cards.
If you monitor your credit reports on a regular basis, though, you can fix mistakes before they have a negative impact.
Here’s how to check your credit report for free and what to do if you find any errors.
Which reports you need to check: ‘Your Experian credit report can look very different from your TransUnion’
Your credit reports are generated by three major credit bureaus: Equifax, Experian and TransUnion. It would be a mistake to think that they’re all the same, says Matt Schulz, chief credit analyst at LendingTree and author of “Ask Questions, Save Money, Make More.”
Your credit reports are different because lenders can choose which bureau they want to report your…
