What to do before an A Credit Report Advertiser disclosure You're our first priority. Every every single time. We believe that every person should be able make financial decisions with confidence. While our website does not include every company or financial product on the market We're pleased that the guidance we offer as well as the advice we provide and the tools we create are independent, objective, straightforward -- and completely free. So how do we earn money? Our partners compensate us. This can influence the products we write about (and where they are featured on the site) however it doesn't affect our recommendations or advice that are based on many hours of research. Our partners cannot promise us favorable ratings of their goods or services. . What to do before the Credit Check Review your credit first, and then take action to keep it in top form. By Lauren Schwahn Lead Writer | Personal finances and debt Lauren Schwahn is a writer at NerdWallet who covers budgeting, debt and savings strategies. She is a contributor to the "Millennial Money" column in The Associated Press. She has been featured in USA Today, MarketWatch and more. Lauren has a bachelor's level degree in the field of history at The University of California, Santa Cruz. She is located in San Francisco. Aug 15 2022, 2022 Editor: Sheri Gordon, Assistant Assigning Editor Credit scoring, earning and saving money, paying down credit card debt Sheri Gordon is an assistant assigning editor for 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 wrote stories that were awarded an award in the year 1998 for the Pulitzer Prize for breaking news. Sheri edited magazines about culture, politics, food, education and activism. She written books on the policy of water, healthy living and architecture. Sheri completed a Bachelor of Arts in History in the University of California, Los Angeles. Email:
. Many or all of the items featured here come from our partners who pay us. This affects the products we write about as well as the place and way the product is featured on the page. However, this does not influence our opinions. Our opinions are our own. Here's a list of and . Most lenders require a credit check when you apply for credit such as a mortgage, auto loan. Potential employers, landlords, as well as utility companies can examine your credit. If your credit check does not go well, your application may be denied or you may be offered negative loan terms, like a higher interest rate. There are moves you can take to avoid surprises and put your self in the most favorable possible position to be in the best position. Here's how to prepare when you are anticipating the possibility of a credit report. 4 things to do before the date of a credit report 1. Unfreeze your credit. Freezing your credit helps stop fraud by blocking others in accessing credit reports and opening a new account with your name. However, if you fail to remove the security freeze prior to applying for credit, creditors cannot conduct a credit verification and likely won't approve your application. Are you unsure if your credit is frozen? Log in to your accounts with the three major credit bureaus (Equifax, Experian and TransUnion) to see your current status , or call their support numbers. If you've placed a freeze at each bureau, you'll have to call each bureau in person to . 2. Examine your credit report and scores Lenders are going to examine your credit score and report to determine if you're a reliable borrower. For instance, they'll determine whether you've a track record of making payments in time or have accounts that are in collections. Doing this yourself will allow you to understand your current standing. Also, reviewing your reports will give you the chance to identify any issues things that might affect your credit or application, such as an incorrect account balance. Credit reports don't show your credit score, so you'll need to check them separately. It is possible to get free weekly credit reports through the closing of the year through . Numerous personal finance websites, such as NerdWallet offer a free credit score and report. Making your own credit score and reports won't hurt your score. 3. Help your credit score improve The higher your credit score, the more likely lenders will approve your application and give you excellent terms. Consider opportunities to improve increase or keep it. Some options include paying down existing debts and avoiding taking on additional credit. For example, making frequent payments on your credit card during the billing cycle helps your credit score by making sure that your credit utilization is low. 4. Do not apply for an additional credit. The credit inquiry that happens whenever you make an application for an loan and credit card known as a . Hard inquiries are recorded in your credit reports for approximately two years and could affect the credit rating for up to a year. Reducing the number of inquiries will help safeguard your credit. When you shop for different lenders, such as a mortgage, the multiple inquiries will generally be considered a single inquiry if they are made within a 14-to 45-day period. "You don't get penalized for comparing lenders, but you are penalized for taking too long," Robert Persichitte, an Arvada, certified financial planner from Colorado, said in an email. But, applying for multiple credit cards within a short period of time can lower your credit score and may concern prospective lenders. Following these tips prior to undergoing a credit check can ensure it runs as smoothly as possible. Author bio Lauren Schwahn covers consumer credit and debt on NerdWallet. Her work has been highlighted in USA Today and The Associated Press. On a similar note... You can even go deeper into Personal Finance Make all the proper financial moves

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