Get Your Credit Report

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Cardholder Benefits » Get Your Credit Report

Get Your Credit Report


Updated: September 27, 2018

The content is accurate at the time of publication and is subject to change.


A credit report is a record of a person’s or a company’s credit history. It contains information about when, how much and how frequently they borrowed, as well as how well they repaid their loans. Obviously, the information contained in your credit report determines your credit score and therefore your ability to qualify for low rate loans, cheap mortgages and premier credit cards. That is why it is critically important to keep your credit report in good standing and to check it regularly for false, misleading or incomplete information.

A fast and easy way to get your credit report is to contact one or all of the three major credit bureaus that collect your payment information and calculate your FICO score. You can get this report from them free of charge once per year. If you want the additional convenience of reading your personal credit report online, then you should visit MyFICO, a special website that provides numerous services, such as credit calculators, and products, such as FICO Standard, as well as plenty of useful educational information on credit-related issues.

Once you get access to your credit report, you should make sure that you can read it properly. This article will focus on the credit account history, which is an important section of your report. The account history section contains information about each of your past and present credit accounts and details about how you’ve made payments on them.

Each account in the account history section is composed of the following pieces of information:

• The name of the bank or credit card company that has reported your payment behavior for the account in question.

• The Account Number.

• The Account Type, i.e. whether it is an auto loan, education loan or revolving credit account. Ideally, your account history section should contain several different types of accounts, because it shows how well you can manage your finances.

• Responsibility. This indicates whether the account is an individual account, a joint account or an authorized user type of account.

• The Minimum monthly payment is the minimum amount that you should pay each month to keep your account current. If you pay less than the minimum, or if you pay later than the payment due date, your account is then considered delinquent and you are charged penalty fees.

• The date the account was opened.

• Date Reported is the last date that the creditor sent payment information to the credit bureau.

• Current Balance is the amount that you own at the moment.

• Credit Limit is the maximum amount that you can draw down on this credit account.

• High Balance is the highest amount that you have ever spent with your credit card. High balance determines the limit on a no limit credit card.

• Past Due. This point shows any amount that was due at the moment of reporting the information.

• Payment Status shows whether your account is current, past due or a charge-off.

Note: your account history section may also contain information about collection accounts.

These key details make up the account history section of your credit report. Remember, your account history is just as important for potential lenders as your personal information, credit inquiries and public records. By summarizing all of this information, a creditor makes its final lending decision. So, if you want to be eligible for low rate loans, cheap mortgages or premium credit cards with rewards, it is important to make sure that each section of your credit report is accurate and in good standing.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related Research:

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!