When To Check Your Credit Report
How often should you check your credit report? The simple answer is this: once a year. However, everyone is an individual with different circumstances, so one size does not fit all. For those with good credit, once a year may be enough. However, in this economy, many people are opening more accounts and dealing with other situations that would call for more frequent credit report checks. It is important to know when to check your credit report.
You may check your credit card and bank statements thoroughly every month, but in these times, that may not be enough to detect identity theft. When a thief opens a brand new account in your name, it won't show up on your credit card bill, but you will see it on a credit report, since credit reports show new accounts that have been opened.
Receiving a phone call about debt you didn't know you owed is not the best way to find out your identity has been stolen. You will have a much better chance of dealing with identity theft if you detect it early on, by checking your credit report before the problem gets out of hand. There are also other situations in which it is important to check your credit report.
If you have made bad credit decisions in the past and you would like to resolve them, or, if you have excellent credit and would like to keep your score up, being aware of the information on your credit report is a good place to start. Checking your credit report allows you to know what creditors have reported about you, and it contains information about accounts you have had or currently have. Knowing this information is vital to improving or keeping your credit score.
The credit report also becomes valuable when you decide a project must go the funding way but your application is denied. Even a credit card debt of twenty dollars from four years ago can keep you from receiving a loan. If your credit is cited as the reason for the rejection, you are entitled to a free credit report, which you should review to ensure that the information inside is accurate and that the decision was not based on misinformation.
Credit reporting bureaus are made up of people, and where there are humans, there is the possibility for human error, even on your credit report. You have the legal right to challenge any errors that you may find on your report. If you do make a challenge, credit agencies are required by law to investigate to make sure the information is correct.
It is not only important to know what your credit report says about you, it is your right. Whether you are trying to get a loan or just making sure your identity has not been stolen, it is important to know what information is on your credit report.
Don't pass up your legal right to pull your credit report once a year. Beyond that, if you are looking into getting a loan, attempting to improve your credit score, or just looking out for identity thieves, pull your credit report often enough to make sure your credit information is correct.
You may check your credit card and bank statements thoroughly every month, but in these times, that may not be enough to detect identity theft. When a thief opens a brand new account in your name, it won't show up on your credit card bill, but you will see it on a credit report, since credit reports show new accounts that have been opened.
Receiving a phone call about debt you didn't know you owed is not the best way to find out your identity has been stolen. You will have a much better chance of dealing with identity theft if you detect it early on, by checking your credit report before the problem gets out of hand. There are also other situations in which it is important to check your credit report.
If you have made bad credit decisions in the past and you would like to resolve them, or, if you have excellent credit and would like to keep your score up, being aware of the information on your credit report is a good place to start. Checking your credit report allows you to know what creditors have reported about you, and it contains information about accounts you have had or currently have. Knowing this information is vital to improving or keeping your credit score.
The credit report also becomes valuable when you decide a project must go the funding way but your application is denied. Even a credit card debt of twenty dollars from four years ago can keep you from receiving a loan. If your credit is cited as the reason for the rejection, you are entitled to a free credit report, which you should review to ensure that the information inside is accurate and that the decision was not based on misinformation.
Credit reporting bureaus are made up of people, and where there are humans, there is the possibility for human error, even on your credit report. You have the legal right to challenge any errors that you may find on your report. If you do make a challenge, credit agencies are required by law to investigate to make sure the information is correct.
It is not only important to know what your credit report says about you, it is your right. Whether you are trying to get a loan or just making sure your identity has not been stolen, it is important to know what information is on your credit report.
Don't pass up your legal right to pull your credit report once a year. Beyond that, if you are looking into getting a loan, attempting to improve your credit score, or just looking out for identity thieves, pull your credit report often enough to make sure your credit information is correct.
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To find out exactly how you can get your annual credit report visit my credit report website.
posted by Debt Consolidation Loan at
1:42 AM
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