The Dos and Don'ts of Credit Report Review Everyone Should Know

Feb 10, 2023

The best credit repair companies in Dallas TX work diligently with their clients to make the most of the benefits of relevant consumer laws. They aim to improve your credit score while teaching you how to prevent further problems. They can also provide guidance on analyzing your credit report and seeing how it reflects your financial and spending habits. The following are some guidelines to keep in mind when examining your credit report:


Do know what goes in your report

Your credit report is a record of your credit history. Credit bureaus get your information from public records and creditors that review your previous repayment and borrowing history before providing new credit. Your report should not include information like political affiliation, religion, or race. However, it should contain relevant personal information, credit accounts, inquiries, and public record information.


Do acquire your report only from credible and authorized credit bureaus

You can get a free copy of your credit report once a year from from every reporting bureau, particularly Equifax, Experian, and TransUnion. Note that these entities do not share information, though they get data from the same sources. As such, their reports can have varied contents, making it necessary to review everything to ensure accuracy and consistency.


Don’t ignore the inquiries

There’s a section on your credit report about businesses that have requested your information within the last 30 days. If you don’t know them or didn’t authorize them, it could indicate a fraudster attempting to apply for an account using your name.


Don’t skip any section

Credit repair companies in Dallas TX recommend reviewing every section to find discrepancies.


Do note any incorrect information and questions

Address these concerns and disputes immediately, as these could affect your credit score. Credit bureaus are obligated to investigate any disputes and correct the errors you find.


Don’t put off reviewing your credit report

Credit bureaus are legally responsible for reporting accurate information, but checking its accuracy is your responsibility. That’s why you should review your report at least once a year.