There are three main credit reporting agencies, Experian, TransUnion, and Equifax. You can receive one free credit report per year, which can help give you an idea where your credit score stands. You may also want to access your FICO credit score, which is the score most commonly used by creditors when determining your credit worthiness. If your credit score is too low, it may be difficult for you to get approved for a loan, or you may be stuck with a higher than normal interest rate.
Review your credit reports carefully and look for errors. If you see inaccurate information, you can dispute possibly have the errors removed from your report. Correcting errors on your credit report can help to increase your credit score. Sometimes agencies are just slow to update payments, so bring in receipts proving that the debt has been taken care of when you apply for a loan.
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