How to minimize your borrowing rates with your credit report.

By The Exchange Team

Your credit score can make or break your ability to establish a credit card or obtain low-interest financing for a new car or home.

To raise your score, know where to improve. Keeping track of your credit report will help you do that. 

Equifax, Experian, and TransUnion just extended free weekly credit reports through 2023.

By law, consumers are entitled to one every 12 months, but during the pandemic, corporations expanded access to weekly free checks.

Two key factors influence your credit score If you want to improve your credit score, keep two things in mind: pay your bills on time and keep your debt levels low.

That's 65% of their credit score, Graham added. More they focus on these two criteria, the higher their score. Graham says late payments stay on credit reports for seven years.

What to do if you spot an error? Incorrect information on your credit report can lower your score. You can contest errors with all three credit bureaus.