What is a Credit Report?
A credit report is a record of all of your credit activities. It includes credit card accounts, loans, payment history, and balances. It also shows if you have had any action taken against you because of unpaid bills.
Why Should I Check My Credit Report?
It is very important that you regularly check your credit report. Errors in credit reports can be common. If someone has stolen your identity you can find out by checking your credit report. Before you apply for a credit card, student loan, car loan, mortgage, or anything else, it is vitally important that you check your credit report—you don’t want any surprises!
How Often Should I Check My Credit Report?
Everyone is entitled to one free credit report per year. That’s great if you only want to check your credit once a year. However, you really should be checking it once a month. A credit monitoring system will monitor your credit report for you and immediately alert you if there is a problem.
Will Signing Up for Credit Monitoring Hurt My Credit?
No! You have the right to monitor your credit without it affecting your credit score! If you request your own credit report it has no affect on your credit. It is called a “consumer pull.” Only if a potential creditor looks into your credit can it affect your credit score.
Who is At Risk for Identity Theft?
Everyone is at risk. It is a sad but simple fact that no one is safe from identity theft. You can do something about it! You can minimize the risk by catching it as soon as it happens. Otherwise, you could incur thousands of wasted dollars and hours as a victim of identity theft
What is a Credit Score?
Your credit score is a 3-digit number. It’s based on your bill paying history, debt profile, and statistical information that lenders use to determine the likelihood of certain credit behaviors.