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  • Mark Young, CPA

Check Your Annual Credit Report

A quick reminder regarding the importance of your credit report – your credit rating can affect qualifying for a loan and the interest rate and terms you will be offered; and, a negative report can be cause for higher interest rates and even the rejection of an application for credit. Credit reporting companies are allowed to charge a fee for providing credit scores.

Beware of “impostor websites”. You are entitled to a free credit report every 12 months from each of the three credit bureaus through


Various factors affecting your score are: payment history, balances, length of credit history, new credit, types of credit. Errors in your credit report can also negatively affect your credit rating. Corrections can be made thought the consumer reporting agencies.

See the Federal Trade Commission’s website for more information.

Here are the FTC’s recommended safe strategies for Repairing your Credit.

I hope you find this information helpful.

Please see our Legal Statement.

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