Consumer Reports: Getting Your Credit Reports

This is from a report by Channel 10 News in Tampa. Offering some good advice about credit reports and scores, from Consumer Reports:

Your credit score is used by lenders and others to predict whether you're a good credit risk. The three big reporting bureaus-- Experian, Equifax, and Transunion--calculate your credit score based on the data they have about you from banks, credit cards, and from public records such as bankruptcy filings and tax liens. A bad credit score can impact everything from your mortgage to whether you can rent an apartment or even get a job, so it's important to know your credit score and look over your credit report for errors. It is estimated that one in four reports have serious mistakes.

Consumer Reports says that the easiest way to get your credit reports with the corresponding credit scores is to go to myfico.com. For about $45, you'll get your reports from the three leading credit bureaus. But once you've gotten your report, you might be shocked by how long and complicated it is. Consumer Reports has the following tips on deciphering your credit report.

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