Faq's

How many credit reports should I get?

You should request free access to credit reports, from all bureaus if:

    • It’s been a long time since you’ve checked your credit
    • You’re working on credit repair
    • You’re getting ready to apply for financing

Otherwise, consider staggering them every 4 months.

Who create credit reports?

The credit bureaus create credit reports. They’re the ones that lenders (e.g., commercial banks, credit unions, mortgage companies) report information to, whether positive or negative. Credit bureaus are also responsible for investigating credit disputes if consumers find inaccurate information on their credit reports.

When are credit reports updated?

Credit information providers send new information to the credit bureaus frequently at least once a month, and they don’t all do it on the same day of the month. Credit bureaus update reports as new information is received.

How many credit reports are there?

Credit reports may have the same type of information, but not necessarily the same listings. Lenders are not required to report to all bureaus. So, never assume that what’s on one credit report will be on others.

How many credit reports have errors?

At least 1 in 5 consumers may have an error on their credit report that was corrected after filing a consumer dispute. But how many more errors are on reports that consumers either don’t know about or don’t bother disputing? The takeaway? Look for and dispute credit report errors.

When did credit reports start?

Credit reporting was formally introduced to Jamaica with the passing of the Credit Reporting Act in 2010.

Are credit reports free?

Yes, credit reports are free every 12 months.

How many credit reports should I get?

You should request free access to credit reports, from all bureaus. Check all three at once if:

  • It’s been a long time since you’ve checked your credit
  • You’re working on credit repair
  • You’re getting ready to apply for financing

Otherwise, consider staggering them every 4 months.

Which credit reports should I check?

If you’re applying for financing – and you know with certainty which credit bureau a lender uses – you could limit your check to that one report. If you don’t know which bureau they use request all reports once a year.

Which credit report is better?

All credit reports are of equal value. But you might consider one “better” if it’s the one a lender uses to consider you for credit. That would be the better credit report to check before applying. A credit report might also be considered “better” if its information is more positive or accurate than the other two.

What is the Credit Score range?

Credit scores range from 150-950, 150 being the worst.