maryland free credit report

The credit reporting agencies use a complex formula which compiles all of the information in your credit file to determine your score, which is used as a " snapshot " of your credit health. The formula takes into account your payment history, the number and age of open credit lines that you have, how long you ' ve had a credit history, the types of credit accounts you have, the total credit that you have available and how much of it you ' ve used, and the number of inquiries there are on your report. The credit report tells how you have managed your credit in the past.

Companies examine your credit report before deciding whether to give you credit. The credit report follows you everywhere so be sure to get free credit report from Experian. In this way, creditors have a way of warning each other that someone shouldn ' t be trusted to pay their loans.

The credit reporting agencies are required to handle your corrections within a month. If any error is not handled within a month, the information must be removed from your credit report. The credit reporting agency then must investigate any item you believe to be in error on your report within a reasonable period of time. Any errors that the agency finds must be corrected within a reasonable time period ( normally within 30 days ); any information on the report thought to be in error that cannot be verified as correct by the agency must be deleted from your record.