I don’t need to check my credit report if I pay my bills on time.

I don’t need to check my credit report if I pay my bills on time.
It’s a good idea to check your credit report yearly to make sure that you have not been the victim of identity theft and to check that there are no errors on your credit report.

Credit repair companies can negotiate a final payment that will remove defaults from my credit history

Credit repair companies can negotiate a final payment that will remove defaults from my credit history.
Credit repair companies cannot "fix" defaults, as only an incorrect default can be removed. Even if you pay the default, the listing will remain but be updated as paid.

I need to pay someone to fix or repair my credit report

I need to pay someone to fix or repair my credit report.
False. Free help is available from credit reporting bodies, your credit provider, financial counsellors, community legal services, or an EDR scheme.

All credit reports are the same

All credit reports are the same.
False. Each credit reporting body has a different credit report format and each report may have more or less information.

Checking my own credit report harms my standing

Checking my own credit report harms my standing.
Checking your own credit report has no impact on your credit history.

Your credit report is the only thing that determines if you will get credit

Your credit report is the only thing that determines if you will get credit.
Each credit provider has its own credit assessment process. For those that use credit reports, the report will be just one part of their assessment.

Too many credit enquiries can have a negative effect on my credit report

Too many credit enquiries can have a negative effect on my credit report.
From March 2014 your credit report may show where an enquiry led to a grant of credit, which may give credit providers a clearer picture of your current credit accounts.