5 REASONS WHY YOU

SHOULD CHECK CREDIT

REPORT REGULARLY

By:

If you think that checking your credit report

regularly can lower your credit score then you are

mistaken.

H E R E A R E 5 R E A S O N S W H Y YO U S H O U L D

C H E C K C R E D I T R E P O R T R E G U L A R L Y :

1. To get you updated

2. To exercise your right

3. To protect your identity

4. To have a good credit

5. To come up with a good strategy

It is important to check credit report

regularly to get you updated with the

changes in your credit score. Checking your

credit report allows you to correct

inaccurate information immediately,

complete details of credit as well as

guarantee you an up-to-date report before

you apply for loan (especially for any major

purchase such as insurance, car or even a

house)

#1. TO GET YOU

UPDATED

#2. TO EXERCISE YOUR RIGHT

When you check credit report regularly, you also give value and

exercise your right. It is under the Fair Credit Reporting Act (FCRA)

that you have the right to know what is in you file and be told if

information in your file has been used against you. It is under this Act

that you acquire the right to ask for a credit score. Also, this ensures

you that no outdated negative information will be reported to any

agencies. This also encompasses the rights of identity theft victims

and active duty military personnel.

#3. TO PROTECT YOUR

IDENTITY Don't wait for the time when you will

be receiving unexpected bill, credit

cards or account statements. It is

necessary to check credit report

regularly to monitor theft signs or any

suspicious activities. If you have been

receiving calls or letters about

purchases you did not make or notice

accounts or addresses you don't

recognize, better place an initial fraud

alert on your file as soon as possible.

#4. TO HAVE A GOOD CREDIT

Even if you already have a good credit, regularly checking your credit

enables you to maximize your good credit when you need it.

Maintaining all information is accurate and complete allows you to

have a good credit. Make sure to recognize the accounts and loans on

your credit report. Once you found something inaccurate,

immediately contact the company that issued you that report.

#5 . TO COME UP WITH A GOOD

STRATEGY

Aside from including your personal information such as where

you live or whether you have filed for bankruptcy, your credit

report also includes information as to how you pay your bills.

That is why making it a habit to check credit report regularly is

ideal for coming up with a good credit score strategy.

STRATEGIES YOU MAY TRY:

Diversify your credit to include auto, mortgage,

home equity, and college and installment loans.

Use your credit cards wisely and avoid

abandoning them.

Limit yourself from opening new credit cards

Source: http://www.newhorizon.org/credit-

info/5-reasons-check-credit-report-regularly/

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