When is the last time you checked your credit report? Sadly, far too few people are taking the time to request their reports. At a minimum, you should be requesting your free credit report every 12 months. Here are a few reasons why this is a good idea:
- Free. When using annualcreditreport.com, you have access to your credit report for free, once each year, from each of the three credit bureaus – Transunion, Equifax, and Experian.
- Identity Theft Indicator. When looking over your credit report, if you find names you don’t recognize, social security numbers that do not belong, or accounts that are not yours, you might be a victim of identity fraud.
- Monitor Credit. Just like you monitor credit card bills and bank statements, it’s a good idea to keep track of credit accounts.
- Correct Inaccurate Information. If any information on your credit report is incorrect, both personal or account related, instructions are included on how to correct those inaccuracies.
For more information on the process to check your credit report or if you have questions or concerns related to credit, contact the Financial Literacy Center to schedule a coaching session.