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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
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 right now, 
click
here.
Tracking Payments
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 right now, click
here.
Identity Theft
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 right now, click
here.
Inquiries
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 right now.
Credit Fraud--Unauthorized Charges
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 right now, click
here.
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 right now, for free!
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