Reasons To Check Your Credit Report

It's one thing to have bad credit, but it is another to have errors on your credit report through no fault of your own ?
Did you know that you pay a higher interest rate on you car and mortgage with questionable credit?
Can you really afford to lose your next promotion because of a credit error?

 All theses questions point towards the importance of checking your credit report

Major Reasons To Check Your Credit Report

Identity Theft
Identity theft is a major 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. 

Inaccuracies:
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.

Getting a loan:
Looking for a loan to buy a Home, Car or any kind of Personal Loan. You Know ahead of time what appears on your report to help you shop for the best rate and take care of inaccuracies or past due balances.

Need a Credit Card: 
It's always wise to check your credit report before applying in case there are any inaccuracies. Don't get caught surprised because someone else's information is on your credit report!

Financial Planning:
Any long or short term financial planning involves looking at your current financial position. And what better way to see that than reviewing your current credit report.

Renting:
Prospective landlords will be checking your credit.

Divorce:
You'll need to evaluate your financial position with your attorney. Make sure you check to see if there have been any accounts opened that you might not have known about.

Bankruptcy:
Catch all the details of your credit accounts. 

Tracking Payments: 
Credit reports give you a demonstrated history of on time payments.

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.

Credit Fraud: 
Credit fraud involves the theft of your credit card or account number to make unauthorized charges to your account.


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!

Who can access your credit report?
1. Lenders
2. Auto Insurance Companies
3. Life Insurance Companies
4. Employers
5. Renters
6. Landlords, utility companies, phone companies.
7. Hospitals, doctors, dentists, insurance companies.
8. Credit unions, finance companies, banks.
9. Retailers, department stores, credit card companies.
10. Car dealers, mortgagers.
11. Investigators, lawyers, courts.
12. Anyone who can offer just cause and/or has access as a member of a credit reporting agency.

How to obtain a personal credit history?       

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