It is a new year, and it is time for a new you. So where do you begin? One thing that many hard-working adults forget amongst everything else going in their lives is to check their credit score, and credit report annually.
Many people don’t understand that you can check your credit score annually for free through services such as freecreditreport.com, and other sites. Just Google the phrase “free credit report”, and find a site that you can trust, and prefer in terms of presentation of your report.
Most of these sites will allow people to not just look at their credit score, but also pull up their entire credit report. Doing this annually is very important, and we will tell you why in three simple reasons.
You should check your credit report annually, because there might be incorrect information reported, such as false credit claims, or inquiries of your credit by car dealerships or other lenders.
You should always know about any late payments you may have made, so you can attempt to correct these issues with the party involved.
Also you can dispute certain marks on your report that you feel are incorrect, such as late payments, charge-offs, or any inquiries. If you can prove to the party involved that you aren’t at fault for these claims, they may remove it from your credit report.
It is highly recommended that you save your credit report from an annual checkup, and spend the time to really dig through each mark, and make sure that they are correct. If you have any feeling that it might be incorrect, or if you were at fault, but had a reasonable excuse, it still is worth trying to dispute with the lender or party involved. You will be shocked at how many lenders are willing to remove this from your report.
Doing this could ultimately help you improve your credit score by a significant amount in a short period of time. It is also a great precaution to maintaining a great credit score.
Related Article: “Credit: The Ghost of Spending Past”
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