How to Understand Your Credit Report

Your credit report contains details about your financial behavior and identification information.

This user-friendly report is sometimes called a credit file or a credit history. Credit Reporting agencies collects and organizes data about your credit history from your creditor’s and public records. They make your credit report available to current and prospective creditors, employers and others as permitted by law, which may speed up your ability to get credit. Getting a copy of your credit report makes it easy for you to understand what lenders see when they check your credit history.

How Can I Get My Credit Report?

To obtain the free credit report that you are entitled to under federal law, you must go to There, you can get your credit report from all three credit reporting agencies – Experian, Equifax and TransUnion – once every 12 months. For daily monitoring of your credit report from each of the three credit reporting agencies, use Credit Monitoring. This service makes your personal credit report available online 24-7. You have peace of mind from knowing that your credit records are being monitored daily. If any irregular account activity is detected, we’ll email you promptly.

How Often is My Credit Report Updated?

In general, creditors forward information to the credit reporting agencies monthly. The day of the month that each individual creditor sends updates varies. In other words, reporting agencies might receive an update from creditor A on the first of every month and from creditor B on the 11th of every month, etc. This is why it’s important to have access to your credit report every day.


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