How to read credit reports — this guide provides clear, practical guidance and answers the most common questions, followed by detailed steps, tips, and key considerations to help you make confident decisions.

What is a credit report?

Free credit report sources

Understanding the Fair Credit Reporting Act

Restoring your credit

Restoring your credit after identity theft involves monitoring your credit report closely, disputing inaccuracies, and potentially working with credit counseling services. Regularly review your accounts for any new fraudulent activity and maintain communication with creditors to resolve issues promptly. Ensuring your credit report is accurate will help restore your credit health over time.

Mini FAQ

What is a credit report?

A credit report is a detailed record of your credit history, including personal information, account details, and payment history.

How often should I check my credit report?

You should check your credit report at least once a year from each of the three major credit bureaus.

What should I do if I find an error in my credit report?

If you find an error, gather documentation and file a dispute with the credit bureau reporting the error.

What is a credit freeze?

A credit freeze restricts access to your credit report, helping to prevent identity theft.

How long do negative items stay on my credit report?

Negative items can remain on your credit report for up to seven years, while bankruptcies can last up to ten years.

What are trade lines?

Trade lines are entries on your credit report that detail your credit accounts and their statuses.

How can I improve my credit score?

You can improve your credit score by making timely payments, reducing debt, and monitoring your credit report for inaccuracies.