Why You Should Read Your Credit Reports

There are a few things which play a big part in your credit. Among the most important parts is making sure that you are ordering and reading your credit reports each year. This is because you will be able to receive one free credit report from all three of the credit bureaus: Transunion, Experian and Equifax. They are required by law to provide these to you simply by you requesting to receive it.

You will be able to order these online or over the phone. This will allow you to be able to get the report in the mail. You will also be able to order and receive these online so that you will be able to get them within the same day that you request them.

On your credit report is all of the information you will need to know which affects your credit ratings. This includes the kind of information from past creditors as well as information about the current creditors that you are dealing with. Any past due payments or close accounts will cause your credit score to take a major dip.

Make sure that you are reading through the reports carefully as soon as you get them. If you spot anything which does not belong on your credit report, you will need to dispute it. This can include reports of past due payments as well as accounts which are reported as being closed when they are still open.

On your report, you might even find evidence of identity theft. If you are receiving your credit reports every year, there is less chance that any major damage can be done to your report. You will also be able to have more weight when trying to have the items removed from your credit.

If you are not going to use your credit for a while, you might think about freezing your credit. This will put a stop to any new accounts being created with your information. It will also eliminate the chance of identity theft. You can unfreeze your account whenever you are ready to apply for new credit.

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