Answer Line FAQs
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I understand that some banks or companies will check my credit report before they approve a credit card or loan application. How do I know what information is in that report?

The only way to know what is in your credit report file is to ask to see a copy of it. A new law allows each individual to request a copy of their credit report once a year at no cost. To learn how to request a report follow the instructions listed at http://www.extension.iastate.edu/finances/personal/credit_report.htm
Related Information:
Money Mechanics: Credit [http://www.extension.iastate.edu/Publications/PM1459.pdf]
Iowa State University Extension Publication covering advantages and disadvantages of credit; cost of credit; and how much credit you can afford
 
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This is a service of Answer Line, Iowa State University Extension, Ames, Iowa.

For more information, visit http://www.extension.iastate.edu/answerline/, email us at: answer@iastate.edu, or call 1-800-262-3804 (in Iowa) or 1-800-854-1678 (in Minnesota).