What should you do prior to the A Credit Report Advertiser disclosure We make you our top priority. Every every time. We believe that everyone should be able to make sound financial decisions without hesitation. Although our site does not include every company or financial product available on the market, we're proud that the guidance we offer and the information we offer and the tools we create are impartial, independent easy to use and cost-free. How do we earn money? Our partners pay us. This can influence the products we review and write about (and where those products appear on our website), but it in no way affects our advice or suggestions that are based on hundreds of hours of research. Our partners are not able to be paid to ensure positive reviews of their products or services. . What to do before Conducting a Credit Check Review your credit first, and then take action to keep it in top form. By Lauren Schwahn Lead Writer | Personal finances, debt Lauren Schwahn is a writer at NerdWallet who writes about budgeting, debt and savings strategies. She contributes to the "Millennial Money" column in The Associated Press. The work she has contributed to was featured by USA Today, MarketWatch and many more. Lauren holds a bachelor's degree in the field of history at The University of California, Santa Cruz. She is based at San Francisco. Aug 15 2022. Written by Sheri Gordon, Assistant Assigning Editor Credit scoring, making and savings money, paying off the debt Sheri Gordon works as an associate assigning editor on the Core Personal Finance team at NerdWallet. For the past 13 months, Sheri worked on Metro and business copy desks of The Los Angeles Times, where she was involved in stories that earned the 1998 Pulitzer Prize for breaking news. Sheri has edited articles on politics, culture food, education, and activism. She has also edited books on the policy of water, healthy living and architecture. Sheri completed an undergraduate degree in Arts in history at the University of California, Los Angeles. Email:
. Many or all of the products featured here are from our partners who pay us. This affects the products we feature and where and how the product appears on a page. But, it doesn't influence our opinions. Our opinions are our own. Here's a list of and . The majority of lenders will require a credit check when you apply for credit like a mortgage, auto loan. Employers, prospective landlords as well as utility companies can check your credit. If your credit check does not perform well, your loan application may be denied or you could be subject to unfavorable loan terms, like an increased interest rate. There are some steps you can take to avoid unexpected surprises and put your self in the most favorable situation possible. This is what you should do if you anticipate a credit check. There are four things to take care of prior to the date of a credit report 1. Unfreeze your credit. Freezing your credit can help protect you from fraud. It also blocks anyone else from accessing your credit reports and also from opening a new bank account under your name. If you don't get rid of a security freeze before applying for credit, creditors can't run a credit check and are likely to deny your credit application. Not sure whether your credit has been frozen? Log into your accounts with the three main credit bureaus (Equifax, Experian and TransUnion) to view your status , or call their support numbers. If you've put a freeze in place at each bureau, you'll be required to reach out individually to . 2. Review your credit reports and scores Lenders will inspect your credit score and report to determine if you're a trustworthy borrower. They'll also check whether you've a track record of making payments on time or have any accounts that are in collections. By analyzing this information yourself, it will allow you to understand your current standing. Checking your reports also gives you the opportunity to find any errors which could affect your credit or your application such as an incorrect account balance. Credit reports do not show your credit score, therefore you'll need to check them separately. You can obtain free credit reports each week through the close of the year . Many personal finance websites, including NerdWallet, also provide free credit scores and report. Accessing your own credit scores and reports won't harm your scores. 3. Give your credit a boost The higher your credit score, the more likely lenders will approve your application and provide you with favorable terms. Consider opportunities to improve increase or keep it. This could include paying off the debt you have already incurred and avoiding taking on additional credit. For example, making frequent payments on your credit card during the billing cycle can help your credit by making sure that your credit utilization is low. 4. Refrain from applying for an additional credit. The credit report that you receive in the process of applying for credit or a loan and credit card referred to as a . Hard inquiries are recorded to your credit file for around two years and can affect the credit rating for the duration of a year. Reducing the number of inquiries can help protect your credit. If you are shopping for multiple lenders, such as a mortgage, the multiple inquiries are usually considered a single inquiry, if it is done within a 14- to 45-day timeframe. "You do not have to pay for comparing lenders, but you are penalized for taking too time," Robert Persichitte, an Arvada, certified financial planner based in Colorado in an email. But, applying for multiple credit cards in a short period of time can reduce your score and may concern potential lenders. Follow these guidelines prior to undergoing an assessment of your credit score will ensure that the process goes in the most efficient way possible. Author bio Lauren Schwahn covers consumer credit and debt for NerdWallet. The work she has written for NerdWallet was highlighted by USA Today and The Associated Press. Similar to... You can even go deeper into Personal Finance Make all the right money moves

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