February 1, 2018
How's that new year's resolution going to get a better handle on your finances? We've just published new information on credit reports and credit scores that can help.
Your credit report shows your history of paying bills and borrowing money. It's used to calculate your credit score. Your credit score is a number between 300 and 900 that indicates how likely you are to pay your bills on time and pay back money you've borrrowed. Banks, businesses and others look at your credit report and credit score to decide whether to lend you money, hire you, or do business with you.
Did you know that every time you're late paying a bill, your credit score takes a hit? That's even if you're only a few days late. And even if the bill is for a relatively small amount.
We've published five new pages on credit reports to help you understand how they work and how you can improve your credit score:
Taking charge of your credit report: Five key things you should know about your credit report.
Ordering your credit report: You're entitled to a free copy of your credit report.
Fixing a mistake on your credit report: Steps you can take to fix errors on your credit report.
Who has access to your credit report: Your credit report contains a lot of personal information you may want to keep private.
Improving your credit score: There are several things you can do to increase your credit score.
Thanks to Surrey lawyer Robert Rogers for reviewing this information for legal accuracy. The external review is a key part of our process to ensure the information is reliable and up-to-date.
