With so many people feeling uncertain about their financial health, the three national credit reporting agencies have decided to let everyone monitor their credit report every week for free for the next year. Now, it’s easier than ever to check your credit report more frequently.
Why is reviewing your credit report important?
Being aware of what’s on your credit report is one of the best ways to know where you stand financially. A credit report shows any loan that has been under your name, the length you had it and the payment history. It’s what lenders use to determine your loan and credit eligibility. It’s also used to verify if your pay history is good when you’re looking to rent an apartment or home or to evaluate employment and insurance eligibility. That’s why it’s so important to make sure the information on your credit report is up-to-date and accurate.
Be sure to fix any errors on your credit report immediately. You can start the process by notifying the credit reporting agencies directly. Learn more about disputing errors on credit reports from the Federal Trade Commission (FTC).
How to get your free credit reports
Everyone is eligible to get free weekly credit reports from the three national credit reporting agencies—Equifax, Experian and Transunion. Visit AnnualCreditReport.com to get your free reports.
How to view your FICO® Credit Score
You can view your FICO® Credit Score through Partner Colorado’s Mobile Banking App. Your FICO® Score is the most widely used credit score in lending decisions. It’s based solely on information in consumer credit files maintained at the credit reporting agencies. Understanding your FICO® Score can help you better understand your credit risk and manage your financial health.
Need financial assistance?
If you’re struggling to pay your bills due to the Coronavirus, contact all of your lenders and ask if you can postpone your payments or work out a payment plan.
We’re offering our members a Special Emergency Relief Loan and Loan Payment Relief options. Visit our website for more details.
Staying on top of your credit report is a key factor to your financial success. Being able to check your credit report for free each week is the perfect opportunity to make sure your financial situation is the best it can be.