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Not all of your lenders report to all three of the credit bureaus – While some lenders do report your credit information to all three credit bureaus, this isn’t mandatory. There are almost always going to be differences in your credit history at one or more of the credit bureaus, though many will be minor and won’t affect your ability to get credit.
According to credit scoring research, consumers who are actively shopping for credit are higher credit risks than consumers who are not. This makes common sense. Think about this: would you rather lend money to someone who is applying all over town or to someone who applies only when they need credit? Since there is a correlation between shopping for credit and being a higher credit risk an inquiry will, in some cases, lower your credit score. Don’t worry too much though.

When you order by phone or mail, you will receive your annual credit report via mail within two to three weeks. When you order online, you should be able to access it immediately. You must order your real annual credit report using one of the methods listed above, not directly from the credit bureaus or through any other websites. Note that all the credit bureaus have some type of credit card deal, but all require a credit card and will enroll you in a subscription service that you must remember to cancel in order to avoid monthly charges.
No, credit reports list your credit history without interpretation. Credit scores, on the other hand, apply a formula to the data in your report to create a three-digit number predicting how likely you are to repay money as agreed. Two companies dominate credit scoring in the U.S.: FICO® and VantageScore®. NerdWallet partners with TransUnion® to provide your VantageScore® 3.0, based on information in your TransUnion® credit report. Credit score is only one factor lenders consider and they may not use the TransUnion VantageScore.
You can order your free credit reports online from annualcreditreport.com, the only authorized website for free credit reports. This is the only site authorized to issue free credit reports, so be aware of imitation websites that charge unnecessary fees. Be prepared to provide and verify your personal information, such as your social security number and address.
Having bad credit means it’s time to roll up your sleeves and get real about your current financial situation. Though your current position may be of no fault of your own – thanks to a job loss, illness, or other unforeseen circumstance – it’s your responsibility to take the necessary steps to reverse the course you are on. Take a good hard look at where you are in your life and take the necessary steps to reverse the trends that led to your bad score.
Also known as an educational credit report, consumers are urged to take advantage of this offer every twelve months to find instances of fraud or other inaccuracies on their credit file. Monitoring accounts like this can help reduce your risk of falling victim to identity theft and will ensure you have the highest score possible according to your individual credit account.
Only one website is authorized to fill orders for the free annual credit report you are entitled to under law — annualcreditreport.com. Other websites that claim to offer “free credit reports,” “free credit scores,” or “free credit monitoring” are not part of the legally mandated free annual credit report program. In some cases, the “free” product comes with strings attached. For example, some sites sign you up for a supposedly “free” service that converts to one you have to pay for after a trial period. If you don’t cancel during the trial period, you may be unwittingly agreeing to let the company start charging fees to your credit card.
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