How To Maintain A Clean Credit Report… And How To Obtain One
How can I keep my credit report clean?
The best way to keep your credit report in good shape is to pay your bills on time. You will want to check your credit report on an annual basis for errors and have them corrected.
If you find an error, contact the reporting credit bureau immediately. By law, it must investigate and respond to your inquiry within 30 days of receipt of your letter.
How may I obtain my credit report?
You may contact:
Vermont residents are entitled to one free credit report every 12 months. Find more information on other ways you may be eligible for a free report on the websites listed above.
© 2009, Vermont State Employees Credit Union. All Rights Reserved.
Credit Report…
Credit Score…
What's the Difference?
• A credit score is created using a complex mathematical equation based on the information in your credit report
• The credit score is a way to bring all the many bits of information into one convenient snapshot of your financial standing
Many lenders rely on a scoring model devised by the Fair Isaac Corporation called the FICO ® Credit Score. The FICO score is based on the following information found in the credit report:
• payment history
• amounts owed
• length of history
• new credit
• types of credit in use
FICO scores range from 300 to 850.
