Manage Your Credit Report and Credit Score

A female GreenPath counselor wearing a headset smiles as she talks to a client.

A poor credit score can create potholes and pitfalls on your path to financial health. Over the life of a single loan, your credit score could either save you thousands of dollars or cause you to pay much more in interest charges. So it’s important that you manage your credit score closely.

Lenders use your credit score to set your interest rate when you buy a car or house, which determines how much you will pay for the loan. Your credit score can influence your credit card interest rate and the amount you pay for insurance. When you interview for a job, information on your credit report can even influence whether you are offered employment.

One blemish, such as a late payment, can lower your credit score very quickly. However, increasing your credit score takes time. There is no “quick fix” to improve your credit score. Be skeptical of any company that says they provide credit repair.

It's critical that you understand how to read your credit report, how credit scoring works, and how to manage your credit score. Let a GreenPath credit report expert take you through a free credit report review.

Access Your Free Credit Report

You can obtain one free credit report per year from each of the three credit bureaus --- Experian, Equifax and Trans Union. Access your free reports at The reports are free, but expect to pay about $5 if you want to see your credit score.

GreenPath Frequently Asked Questions Graphic

How much does a credit report review cost?
There is no charge for a credit report review.

Will GreenPath provide me with a copy of my credit report?
You can obtain your own report at free of charge, although there is a small fee for the credit score. Or GreenPath can provide you with an educational credit report with score for about $15.

Can GreenPath repair my credit?
No legitimate company will provide credit repair. The Federal Trade Commission (FTC) warns consumers of any company that charges money for credit repair or offers to remove late payments, bankruptcies or similar information from a credit report.

How do lenders use credit scores?
Credit scores help lenders assess your likelihood to repay debt responsibly based on your past credit history and current credit status.

How are credit scores determined?
There are several different types of credit scores. Each score is determined using a unique formula. Most use some variation of on-time payment history, percentage of credit line used, debt balances, age and type of accounts, number of recent credit inquiries and amount of available credit.