A person holding a credit card and reviewing budget

Credit Reports

Understanding Credit Reports and your Scores


Check Your Score

Each credit reporting company – Equifax, Experian and TransUnion – is required to provide a free copy of your credit report, at your request, once every 12 months.

Pay on Time

Late payments are the first signs of impending credit problems. When you pay late, it’s harder to get credit.

Have a Plan

Know how you are going to repay a debt – whether you use a credit card or a loan – and stick to your plan.

Understanding your Credit History

From the Federal Trade Commission:

“A good credit rating is very important. Businesses inspect your credit history when they evaluate your applications for credit, insurance, employment, and even leases. They can use it when they choose to give or deny you credit or insurance, provided you receive fair and equal treatment. Sometimes, things happen that can cause credit problems: a temporary loss of income, an illness, even a computer error. Solving credit problems may take time and patience, but it doesn’t have to be an ordeal.”

Read more about your credit and your consumer rights

Classroom resources from our national partners:

Credit Score Basics

The ABCs of Credit Reporting




Join the fight for financial literacy!