Understanding Your Credit Report
Learn how to read your credit report, identify errors, and understand what factors affect your credit score.
5 min read
Read MoreExpert insights and practical guides to help you understand and improve your credit.
Essential reading for credit repair success
Learn how to read your credit report, identify errors, and understand what factors affect your credit score.
Proven strategies to increase your credit score quickly and maintain healthy credit long-term.
Discover how credit utilization impacts your score and the optimal percentage to maintain.
A comprehensive guide to understanding how credit disputes work and what to expect during the process.
Know your consumer rights under the Fair Credit Reporting Act and how they protect you.
Starting with no credit history? Learn the best strategies to establish and build a strong credit profile.
Simple actions you can take today
Payment history is the most important factor in your credit score. Set up automatic payments to never miss a due date.
Try to keep your credit card balances below 30% of your credit limit. Lower is even better for your score.
Older accounts contribute positively to your credit history. Keep them open even if you don't use them often.
Too many credit applications in a short time can lower your score. Be selective about applying for new credit.
Check your credit reports from all three bureaus at least once a year to catch errors early.
Having a mix of credit types (cards, loans, etc.) can positively impact your credit score.
Common credit terms explained simply
A three-digit number (300-850) that represents your creditworthiness based on your credit history.
Companies that collect and maintain credit information. The three major bureaus are Equifax, Experian, and TransUnion.
A credit check that occurs when you apply for credit. Multiple hard inquiries can temporarily lower your score.
When a creditor writes off a debt as uncollectible. This severely damages your credit but doesn't eliminate the debt.
The percentage of your available credit that you're using. Lower ratios are better for your score.
Our credit experts are here to answer your questions and create a custom plan for your situation.
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