True credit report is a company offering to source your credit reports for you.  Via it’s website, it seeks to give you additional information on credit related topics such as how scoring works, how to manage your finances etc.

They offer you a service by which you can access your three credit reports immediately i.e.  Experian, Equifax and Trans Union.  You can print out the 3 in 1 credit report if you wish.  The service is free unless you sign up for the credit monitoring service.  This will alert you within 24 hours when there are changes on your file.  This could help you combat fraud as it will alert you when an application for new credit or a change in terms has been filed.

The service also calculates your credit score but this may not be the same as the calculation used by lenders and financial institutions who all appear to rely on FICO scores.  You can pay for a copy of this if you wish.

It is a good idea to know where you stand and how your file would be reviewed if you were to apply for some financing.  You should get a copy of your credit reports just to check that the information held on file is correct as mistakes often happen.  I am not encouraging you to take out more debts though as in this economy you should be trying to pay them off.

If you are worried about bad scores, there are a couple of things you can do to improve them. If you try and keep all of your outstanding balances at less than 35% of the total allowed limit, that will reflect well on you.  Always make your payments on time not just to get a good result but to avoid paying late charges and fees.

Avoid having lots of searches on your file as this will go against your record and diminish your score.  Also if you find mistakes, get them corrected by contacting the creditor involved.  If you find them unhelpful, your next step is to deal with the relevant agency be it Equifax, Experian or Trans Union.  It is important that you keep a copy of all correspondence relating to your situation.

If you decide that you need to borrow some additional money, check your reports before applying.  That way if there are any problems you can sort it out.