Credit Scores & Reports Guide

Master your credit by understanding how scores work, how to read your credit report, and where to get free credit monitoring.

Credit Score Ranges

Poor

300-579

Very difficult to get approved for credit

Fair

580-669

May qualify with higher rates

Good

670-739

Good rates and terms available

Very Good

740-799

Excellent rates and premium cards

Excellent

800-850

Best rates and terms available

Understanding Your Credit Report

Personal Information

  • • Full name and any aliases
  • • Current and previous addresses
  • • Social Security number
  • • Date of birth
  • • Employment information

Credit Accounts

  • • Account type and status
  • • Credit limit or loan amount
  • • Current balance
  • • Payment history
  • • Date opened and closed

Credit Inquiries

  • • Hard inquiries (affect score)
  • • Soft inquiries (don't affect score)
  • • Date of inquiry
  • • Company that pulled credit
  • • Stay on report for 2 years

Public Records

  • • Bankruptcies
  • • Tax liens
  • • Civil judgments
  • • Foreclosures
  • • Can stay 7-10 years

Free Credit Monitoring Resources

AnnualCreditReport.com

Official site for free annual credit reports from all three bureaus

Federally mandated • 100% Free

Credit Card Companies

Many credit cards offer free FICO scores to cardholders

Updated monthly • No additional cost

Credit Monitoring Apps

Apps like Credit Karma, Credit Sesame offer free scores and monitoring

Real-time alerts • Educational tools

Disputing Credit Report Errors

  1. 1Identify errors in your credit report carefully
  2. 2Contact the credit bureau in writing
  3. 3Provide supporting documentation
  4. 4Follow up within 30 days for response

Common Errors to Look For

  • Incorrect personal information
  • Accounts that aren't yours
  • Incorrect payment history
  • Wrong account balances or limits
  • Outdated negative information

Credit Bureau Contact Information

Experian

P.O. Box 4500
Allen, TX 75013

1-888-397-3742

Equifax

P.O. Box 740241
Atlanta, GA 30374

1-800-685-1111

TransUnion

P.O. Box 2000
Chester, PA 19016

1-800-916-8800

Monitor Your Credit Health

Check your credit report at least once a year and monitor your score monthly to catch errors early.