Consumers’ No. 1 Complaint: Errors On Their Credit Stories – MarketWatch
Shoppers are allowed one free copy of their credit score report from each of the credit check score monitoring reporting bureaus (Equifax, Experian and TransUnion) every year by visiting AnnualCreditReport.com. It’s a good idea to test that report for any errors, then dispute them with the credit score bureau who distributed the report (and if obligatory, bring that complaint to the CFPB.)
This makes maintaining your oldest credit score traces an important part of retaining a high credit rating. You never need to let your oldest accounts close, particularly if you’ve stored up with the payments. Remember that a credit card company may shut your account should you don’t use it. So, discover an excellent use for holding these accounts open, so that you don’t unintentionally lower your credit age.
– Whether you’ve paid any payments late (and, if so, how lately and the way late you paid).
– The relationship between your credit card limits and balances (your credit score utilization).
– How long ago you opened your first credit account (and your common age of accounts).
– Your experience with a mixture of account sorts (e.g., revolving, installment, and many others.).
– How typically you’ve applied for credit score prior to now 12 months.