Why You Should Check Your Credit Report

February 22nd, 2021 by

Photo by Sora Shimazaki / Pexels

Checking your credit report is essential to have good financial health. But why should you check it?  

Your credit report is like your resume, it needs to be checked and adjusted so your finances and your credit score can work better for you.

Related: How to Stay Organized With Your Finances

According to CompareCards.com, 1 in 3 cardholders believe their identity will be stolen in the future. And 1 in 5 say they had their debit or credit card used fraudulently in the past year. 

Checking your report is vital to make sure that your information contained in it is up to date. Also, check that there are no unauthorized accounts set up under your name and anything that needs removing has now been removed.

Related: How to Start Saving for Retirement

Making sure that your report is reviewed and updated can help with maintaining or increasing your credit score and even getting you better rates when applying for future credit.

 

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Posted in Credit Rebuilding, Credit Reports, credit scores, Financial Planning