How to Get Your First Credit Report

Woman builds up credit report score ratingAre you worried about your credit or simply just want to stay updated on what’s going on with your credit? Here is a great article for students or anyone else new to credit reports.  

Students: Are you worried about your credit history? Wishing to stay up to date on your credit profile? Wondering what your credit report reflects? Your answer should be “yes.” Credit reports play an essential role when making purchases that involve a loan or even when applying for a job. Many companies look at your credit reports to check up on your credit history. If you are not making bill payments, your account is subject to being reported as a delinquent account—that is, an account past due. This damages your likelihood of being approved for a loan, or of getting a loan at a decent interest rate.

You don’t want to find yourself in this predicament, which is why it is important to expand your financial capabilities now. This is why I—a college student and novice at handling my own finances and loans—decided to view my credit report online at annualcreditreport.com. Consumer Reports recommends using this site because it’s truly free and run by the three credit-reporting bureaus: Experian, TransUnion, and Equifax. This authorized website offers credit reports at the click of a button. All you have to do is type in your personal information, answer a few questions to verify your identity, and select which credit bureau you wish to use. You’re entitled to a free report from each credit bureau, once a year.

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