How often should I check my credit report?
You should check your credit report at least once a year to make sure your identity has not been compromised. It’s a good idea to also check your credit report before applying for a loan, if you’ve been denied for credit, you think your identity has been stolen, or you’re plannig to repair your credit.
Your credit report plays a major role when you apply for any type of credit or loan, such as a credit card, auto loan, mortgage, employment screening, utilities deposits and insurance. It is a good idea to know what is on your credit report before applying for credit or a loan. If you know that you have information that may raise your level of risk in the eyes of lenders, then it is a good idea to try and clean the information up prior to applying for the loan. Creditors and lenders use your credit report to determine if you are a credit risk. It is a good idea to keep your credit report clean by paying all of your debt obligations on time.
Since your credit report plays a major role when you apply for a credit card, auto loan, mortgage, employment screening, utilities deposits and insurance, it is to your advantage to know what is on your credit report before applying for credit or a loan. Many financial experts agree that you should check your credit report at least once a month. Creditors generally send updates to the credit bureaus once every month. If your credit report would show you to be risky to a prospective lender, it is a good idea to try and clean the information up prior to applying for the loan. Because of the explosive growth of identity theft, it is especially important to check periodically.
A. You should review your credit report at least once a year to make sure the information is accurate. If you are planning important financial transactions over the next few months, you should order your report before doing so. This allows for enough time to contact TransUnion regarding any information that you feel needs to be amended or removed.
Your credit history plays a major role when you apply for any type of credit or loan, such as a credit card, auto loan, mortgage, employment screening, utilities deposits and insurance. It is a good idea to know what is included in your credit history before applying for credit or a loan. Creditors and lenders use your credit history to determine if you are a credit risk. Experts recommend that you check your credit report at least once a year to make sure your identity has not been stolen and that it doesn’t contain inaccuracies. It’s also a good idea to also check your credit report before applying for a loan, if you’ve been denied for credit or you think your identity may have been stolen.
