A Life Without Debt: Simple Credit Reports

It takes my neighbor hours to pay all her bills while being debt free keeps me from that onerous chore, saving me valuable time. The same neighbor taught me about another time saving aspect of being debt free. This neighbor requested her free credit report from AnnualCreditReport. I had mentioned it to her some time ago as something she should do to make sure she wasn’t the victim of fraud and she finally got around to it. It was her first ever look at her credit report and she was having trouble making sense of it so she asked me to come over and help her.

I thought after the bill paying exercise that nothing about this woman’s finances could surprise me. But her credit report


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6 Responses to A Life Without Debt: Simple Credit Reports

  1. trevor says:

    I have monthly credit reports which I can view online, these only put a “light touch” on my credit history and like you said I can keep track of anything happening or unusual – I got myself into a lot of debt and I am working through paying it all back, I work full time and do work from home in the evenings to earn some money.

  2. Snowy Heron says:

    Whoa!! 43 pages! I have worked in finance for years and seen plenty of credit reports, but never one that was 43 pages long. I think we should make a rule that any credit report that is more than 10 pages long means you have a credit problem. You might be paying your bills now, but if you have more than 10 pages to your credit report, it won’t take much to cause a problem. Sadie, you were a saint for spending 6 hours with this person.

  3. A lot of folks also apply for too many credit cards in order to save 10% on a purchase. This can affect their credit score and also add to their 43 pages. Canceling those that are not used might help in the long run.

  4. Monkey Mama says:


    To comment on the last comment – we always apply for cards for discounts, than we promptly close them. We have also done some credit card arbitrage – and had around 6 mortgages (for various reasons – refis for lower rates,moving, etc.) BUT I know my report is no more than 2-3 pages since we generally do not borrow as a whole. No car loans or anything.

    Is it 7 years that things stay on the report? We are young enough that I don’t think anything has dropped off our report yet. Our first mortgage may drop off this year. I Closed my first credit card in 2003 – so our report may start to get lighter, even so.

    I can’t even fathom how to get to 10+ pages.

    Sadie – you are a saint, indeed.

  5. Gail says:

    So nice of you to help your neighbor with this. The long term effect of you helping her with her finances can spread like a ripple in a pool as her freinds and faimly (children if she has them) see her start to manage her money better and then as she passes the word. Unbelievable to have a credit report that you don’t know for sure if a bill on it is yours or not!

  6. peg says:

    I have been helping someone work through credit problems….She needs to get a second income…ONe of the responses said she works from home….Would she share what she does?

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