Maintaining a good credit history includes preventing wrong information from appearing on your accounts. Keeping good records and monitoring your accounts will help catch mistakes when they happen. Learn how to monitor your credit report and correct errors.
The Federal Trade Commission (FTC) enforces credit laws that protect your right to obtain, use, and maintain credit. The credit laws protect your rights to fair and equal opportunity to receive credit and to resolve disputes over credit errors.
The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.
Whether purchasing a car, a television, or a restaurant meal, Americans often use credit to help
pay for goods or services. Understanding the types of credit and their costs can help you
use credit wisely.