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How to Check Your Credit Report In NJ |

New Jersey Credit Reports

A New Jersey credit report contains important information about the financial history of consumers. For instance, a credit score report includes information pertaining to past payments, outstanding balances, applications for new accounts and the different types of current crediting accounts, such as vehicle loans and mortgages. Since a credit history report affects a consumer’s overall financial score (or risk rating), it is important to monitor this information for inaccuracies or fraudulent activity. To get started, consumers can get a free credit report online here. After obtaining an online credit report, residents can review the information on their record and make changes as necessary. To update credit history information, customers must contact the reporting agency directly. After performing a credit check, consumers may also freeze their files if they believe they may be a victim of identity theft. To learn more about how to obtain credit report information or how to dispute errors on a financial record, review the sections below.

What is a New Jersey credit report?

Credit reporting provides requestors with important financial information about the subject of the report. For instance, a credit score report includes details pertaining to open financial accounts, current balances and credit limits, as well as payment history information. When customers check credit report information, they can also learn more about historical crediting accounts or public records involving bankruptcies, liens, civil suits and overdue child support payments. In most cases, credit reports display bankruptcy information for up to 10 years, while other details may only remain on a financial record for up to seven years. However, unpaid tax liens may remain on a credit record for up to 15 years. Furthermore, a credit report history also includes personal details about the subject of the record, including the subject’s name, address, phone number, birth date and Social Security Number. To obtain a free NJ credit report, applicants may submit a request here. However, credit reports are available to many other applicants as well, including prospective employers, insurers, creditors, legal entities and other authorized users. For this reason, monitoring credit score reports for incorrect information or fraudulent behavior is crucial, as errors can make it difficult for consumers to borrow money, obtain a mortgage or apply for a credit card or a new job.

How does my credit score in New Jersey affect me?

While a New Jersey credit report does not generally include an overall financial risk score, many creditors use the information on a credit record to calculate a consumer’s risk rating. If a credit report history reveals suspicious or unpleasant information about a consumer, the borrower may receive a low financial score. With a low credit score, a crediting company may offer the customer higher interest rates or deny his or her application for a loan, utilities, cell phone or new apartment. Generally, low FICO crediting scores fall between 579 and 300, while fair scores range between 669 and 580. However, credit reports with positive information often result in a higher score. With a higher credit report score, a consumer is more likely to be able to borrow money, obtain lower insurance rates and/or rent an apartment. Generally, good credit history scores range between 739 and 670, while very good ratings range between 799 and 740. However, an excellent credit history may result in a financial score as high as 850.

How to Get Credit Report in New Jersey

To get credit report information before applying for a loan or renting an apartment, applicants may submit a convenient online application. When completing the NJ credit report application, customers generally need to provide their Social Security Number, date of birth, full name and current mailing address. Customers must also provide their previous mailing address if they have lived at their current residence for less than two years. To obtain a credit report history, applicants may submit a request online here.

How to Use a New Jersey Credit Score Report

“What is a credit report?”, you may wonder. A New Jersey credit report history contains information about the status of your current crediting accounts and historic bill payments, helping lending institutions to determine whether they will lend money to you or not. Since lending institutions use a credit report to calculate your overall risk score, false information or fraudulent activity can make it more difficult for you to borrow money, rent an apartment or gain new employment. For this reason, checking your credit report on a regular basis is crucial. To get started, you may order a free credit report online. After getting your credit report in NJ, you may review your financial history for inconsistencies or fraudulent activity and report any inaccurate information directly to the crediting company. To correct a crediting report error, you must contact the information provider and the reporting agency. By law, the credit reporting agency must investigate the error(s) within 30 days of receiving your request. When disputing an error on your crediting history, you must include the following when submitting your claim to the reporting company and information provider:

  • A copy of your credit report
  • Copies of any applicable documents to support your claim
  • Your full name and address
  • A list of the items you wish to dispute along with a reason for your request

Furthermore, you may use your credit history report to freeze your files if you do not wish to share your information with potential creditors for a short period of time. However, the credit score report security freeze only lasts for three business days. If you get your NJ credit report and choose to put a security freeze on your files, you must write to each of the three reporting agencies (Equifax, Experian and Trans Union). If your identity was stolen, you must also include a copy of a police report. However, it may take the credit reporting agency up to five business days to process your request. To get started, you may order your free credit report here.

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