man smiling with his bicycle

Credit Report

The ability to borrow money is a valuable privilege extended only to those who continue to demonstrate “credit worthiness.” If you have recently obtained your first credit card, personal loan or auto loan, it’s in your best interest to build and protect your credit rating. Here are a few things you should know.

What is a credit report?
A credit report is a summary of a person’s (or business’) current loan and credit card obligations, along with a history of the payments made toward those obligations. Lenders obtain credit reports on individuals and businesses as part of the credit approval process.

Who compiles credit reports?
Credit reports are compiled by credit reporting agencies or service bureaus, such as TRW Credit Data and Trans Union. Lenders subscribe to one or more of these credit reporting agencies and pay a fee for their services. In turn, lenders supply the credit bureau with information regarding the payment histories of their borrowers.

What personal information is on my credit report?
In addition to information about your loans and credit cards, credit reports typically include your current and previous addresses, your Social Security number, date of birth, present and past employers and your spouse’s name (if applicable). A credit report may also include state and county public records, such as bankruptcies, tax liens and court judgments.

Who may access my credit report?
With your permission, lenders, potential employers and property management companies can obtain a credit report on you each time you apply for credit, a job or rent an apartment. Without a credit check, many companies will not hire you, rent you an apartment or extend credit to you.

Can I get a copy of my credit report?
Yes, and it’s a good idea to do so annually to ensure that your credit report does not include any factual errors or inaccurate derogatory information. You can order a copy of your credit report by contacting one of the credit bureaus listed below. Please note that there may be a fee for your report.

Experian 888.397.3742
Equifax 800.685.1111
Trans Union Corporation 800.888.4213

For the most accurate rates, tell us where you live.
Please enter a valid US zip code.

Your zip code will be stored for one day. During this time, all rates on this page will reflect your current location.

You are now leaving Xceed Financial Credit Union’s website. We provide hyperlinks to other sites solely as a convenience, and they may not always function properly. XFCU does not control, nor are we responsible for the contents of, or any link within, a third party’s site. A non-XFCU site might have a different privacy policy and may provide less security than XFCU’s site. When accessing a site from here, you are responsible for confirming the identity and authenticity of any third party you visit and transact business with online. Hyperlinks from XFCU are not endorsements by XFCU of any third party, its ownership or management, products, services, information or recommendations it may offer, or any advertisers or sponsors appearing on a third party’s site.

Cancel Accept