Your credit report is a snapshot of everything you have ever done in your life that has involved your use of credit. It is a very important that you monitor this report regularly to make sure there aren’t any inconsistencies or mistakes that could adversely affect your future applications for credit.There are three credit reporting agencies that compile your credit information into one easy to read report. Not all companies report to all three bureaus and they are not required to report to any of them.However, you will find that many companies will go ahead and report credit transactions to at least one of the three companies.The three credit reporting agencies are: Experian, Equifax, and TransUnion. No one company is any “better” than the other. They all have different ways of making credit reports, but they all generally operate in the same way. You can find them easily on the web at:http://www.experian.com www.equifax.comhttp://www.transunion.comThe FACT Act was passed in 1997 and provided one free credi

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