Why Check Your Credit Report?
To stay on top of your credit, it is essential to be aware of the
contents of your credit report. Why? Because checking your report is the
most convenient way to review your complete credit history, and make
well-informed decisions on all your past, present and future accounts.
Also, it's a good idea to monitor your report for new derogatory
information and unauthorized accounts that might affect your credit.
Studies have shown that many credit files contain inaccuracies, which
could influence the approval process when you apply for loans, insurance,
or even a job. Often the result of simple human error, they can be caused
by anything from a clerical error to a computer glitch in which your file
is mixed with that of someone with a similar name.
And that's not the only reason to check your report. In the past few
years, identity fraud has risen dramatically. In this form of credit
fraud, a thief takes over or opens accounts in your name, running up large
balances in goods or cash advances. If you don't check your credit report,
it could be months before you even hear about such a situation.
Fortunately, new accounts opened by a thief using your identity will
appear on your credit report, alerting you to the fact that identity fraud
has taken place.
That's why it's essential that you check your credit file--and monitor
your credit regularly--with resources such as the
Check Monitoring Service, which provides monthly online updates on new
derogatory information that is added to your report, plus several
indicators of possible fraud. And if you act right now, you can take
advantage of a FREE 30-day trial of the Credit
Check Monitoring Service, along with a FREE
Credit Report delivered online, at no obligation!
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