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Five Reasons to:
Check Your Credit Report Regularly
In much the same way that a resume displays your work
experience to a prospective employer, a credit report provides
prospective creditors (and in some cases employers and insurers too)
with a detailed picture of your credit history. And like a resume,
your credit report can influence whether you will receive what you
are applying for.
Ideally, your credit report is an accurate, up-to-date
reflection of your credit history. However, since we don't live in
an ideal world, there are many reasons that your credit report could
contain inaccuracies that might prevent you from receiving the
credit you deserve. The good news is you can take action to keep
your report accurate. Here are the top five reasons why you should
make a practice of regularly reviewing your credit
report:
Inaccuracies & Mixed Credit Files
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Many inaccuracies on a credit report can be the result
of simple human error, and are therefore are not difficult to
dispute. Of course, if you don't order your credit report, you
might never know about it. Whether the inaccuracies relate to
payments not credited, late payments, or data mixed in from the
credit file of someone else with a name similar to yours, you will
want to contact the credit bureau to dispute inaccurate
information promptly. If you would like to get a free copy of your
credit report, click here now.
Tracking Payments
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One of the most important elements of credit is a
demonstrated history of on time payments. Once you send the check
though, anything can happen--a delay in the payment being received
can kick you over to a 30-day delinquency. If you call your
creditor and explain the situation, they might adjust the
information. Of course, if you don't read your credit report, you
won't necessarily know which payments are being received and
reported properly. If you would like to get a free copy of your
credit report, click here now.
Identity Theft
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This issue alone is reason to order your credit report
immediately. Identity theft is an insidious crime, involving a
thief who assumes your name to open new accounts, divert your card
statements to another address, and run up all sorts of bad debt
without you ever knowing about it until collectors come calling.
Over time, identity theft could jeopardize your ability to obtain
further credit. The best way to catch a thief who is using your
name is by getting a copy of your credit report, which will show
you if there are accounts listed you know you haven't opened. For
example, if a thief has intercepted a pre-approved credit card
offer in your name and sent it in with a change of address, your
credit report will include the account. If you would like to get a
free copy of your credit report, click here now.
Inquiries
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If you're shopping around for a loan or more credit,
you should know that when creditors check your credit, it places
an inquiry on your credit report. Inquiries can add up, which is
often interpreted as a negative by creditors. For this reason, too
many inquiries can actually make getting credit more difficult.
Moreover, if you didn't authorize someone to look at your credit
report and they did, they may have broken the law. If you would
like to see who's been looking at your credit, click here to get a free copy of your credit
report.
Credit Fraud--Unauthorized Charges
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Credit fraud involves the theft of your credit card or
account number to make unauthorized charges to your account.
Though consumers are protected financially from this abuse, other
creditors may take note of all this activity and decide to raise
your interest rates or refuse to grant you a loan. Ordering your
credit report will help you catch new activity on accounts that
you haven't been using, or may have closed. If you would like to
get a free copy of your credit report, click here now.
When it comes to managing your credit worthiness, your
credit report is your best resource. Ordering your credit report
gives you the opportunity to manage your credit wisely today, while
planning your credit strategy for achieving future goals--a
credit-savvy move every consumer should make! click here to get your credit report, for
free!
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