how often do you check your credit report
Date: Fri, 08/12/2005 - 11:11
Do you check it monthly, bimonthly, half yearly or yearly? Do you really check it :) ?
And what do you do to improve your credit score? Just got up with these thoughts :shock:
Tintin
We should check our credit report regularly to detect any type o
We should check our credit report regularly to detect any type of identity fraud.
Checking of the credit card statements every month will help in knowing the charges that have not been made. It will help in detecting the scams and possible fraud.
In the last few years we have seen the identity fraud rising tremendously. A stranger steals your good credit by opening an account in your name, running up large balances, and as a result, the collectors keep calling you this insidious form of credit fraud
Checking the credit report will help in knowing the new accounts opened with your identity and reveal identity fraud. If it is not done, the credit grantor after not getting any payment from you passes your account to the collection agency. He informs you about some account which you have not heard in your lifetime.
Checking of the credit card will help in becoming an informed consumer of credit services. The credit report can have a dramatic impact on an individual's financial aspect. If you are having good credit, then you will be easily able to acquire some lucrative benefits, like a home mortgage, a lease on an apartment, an auto loan, lower interest credit cards, and many more things very easily.
On the other hand, if your credit history is weak, many of these financial options may be unavailable to you. In anyways, you have the right to know your credit rating when a creditor runs a check on your credit file. Also check the entries in your credit reports and approach your lenders confidently.
There have been a large number of inaccuracies reported in the individual's file which can harm badly. It will lead to credit rejections when you apply for any kind of loan, insurance, even a job. So it becomes very necessary to check your credit report so that human errors or computer glitches can be rectified by the consumers.
Checking of the credit report will help in maintaining good credit file even if you are regular in making payments. If you think that your credit report is less than perfect, then you should consider checking it now. It will help in identifying all those lingering problems and thus you can deal with them effectively and move further towards an improved credit standing.
Regards
Roxette
