About Your Government Credit Report

When your credit is concerned, it is important to always make sure that you are doing everything in your power to make sure it is protected. A bad government credit report can make or break you when it comes time to get a new car, buy a house, or refinance your mortgage. A bad credit report can take years to repair the damage that can be done in just a matter of a few months. This is way it is so important to make sure that you protect your credit rating so you do not have to suffer for your mistakes later down the road.

You are allowed to request one free government credit report each year so that you are able to be kept up to speed with what your report says about you. This is an excellent way to make sure that no one is stealing and using your credit and so you can seek assistance if there was a mistake on the report. Mistakes do happen since it is not a perfect system as there is no such thing. If there is a mistake though, you are the one that has to take steps to fix it and since fixing a government credit report can take months, it is best to discover the mistake long before you attempt to apply for more credit as you may get turned away.

What You Will See

On your government credit report you will find a lot of information about yourself and this information is used to identify you. There will be such personal information as your name, your current and your past addresses, and your employment history including your most recent place of employment. Also, there will be a listing of every credit account you have including your utilities. There will be record of your payment history with these places as well along with your outstanding balances. All of this helps lenders determine if you should be given more credit.

And then towards the end of the government credit report there will be information detailing who and when your credit report information was given to. This will track everyone and every company that has requested your government credit report history. Keeping all of this in mind, you will see that it truly is important to make sure that you do everything possible to pay all of your bills on time. What you do today could affect you for several years to come.