You’ve learned a lot about credit so far—why to use it, what it costs, different types of it, and how to demonstrate to lenders that you know how to manage it wisely.
In this lesson, you’ll learn how to keep an eye on your creditworthiness by looking at your credit reports. You’ll learn to look for any mistakes on the reports and how to let the credit bureaus know when they’ve made an error.
After completing this lesson, you will be able to
- obtain a free credit report each year from each of the three credit bureaus,
- identify the information that is included in a credit report, and
- know how to dispute incorrect information in your credit reports.
A. The best thing that I can do for my credit is to pay my bills on time and actively monitor my credit reports.
B. The best thing that I can do for my credit is to pay my bills on time and only deal with reputable companies; that way, I won’t ever have a need to monitor my credit reports.