Obtain and Verify the Accuracy of a Credit Report As discussed in this chapter, you might need to obtain or verify the accuracy of your credit report for a variety of reasons. It is important to obtain your credit report at least one time per year to verify its accuracy, as imperfections on a credit report can lead to problems such as financing being declined or higher interest rates on loans. The following steps guide you through the process of obtaining and verifying the accuracy of a credit report.
a. Run a browser and then navigate to annualcreditreport.com.
b. When you arrive at the website, verify that the browser is using the “https” protocol, indicating a secure connection.
c. Tap or click the button to request the report.
d. Provide the necessary personal information.
e. Select the agency or agencies from which you want a copy of your credit report.
f. Tap or click the button to continue to the credit reporting agency’s website.
g. If necessary, enter the additional requested information to validate your request.
h. Follow the remaining instructions on the website to finish obtaining a copy of your credit report.
i. Save and/or print a copy of the credit report. After you have obtained a copy of your credit report, you should verify it for accuracy. The following points describe what to look for when reviewing the report:
1. In addition to the reasons mentioned in this exercise, why else might you want to obtain a copy of your credit report?
2. What is a credit score? How can you obtain your credit score? What are the highest and lowest possible credit scores?
3. If you find erroneous information on your credit report, what steps can you take to make the necessary corrections?