How well do you know your financial status? One of the first steps you can take to learn about your financial standing is to check your credit report.
Doing so, you will have a blue print of your debts, the standing of your accounts and mistakes that may have been made by you or by other companies.
But is it really important to look at it? It is so important because marketing companies constantly use them to send you offers, insurance companies use them to determine what prices you will get, banks use them to set the interest rate on loans you request, credit card companies use them to decide whether to approve or deny your application, even employers use them to decide whether to hire a particular job applicants.
If everybody is looking at your credit report why shouldn't you? Every one of us has the right to request one free copy from the three mayor reporting agencies per year.
This are great news.
However, it might not be enough to see this information only once a year.
Mistakes happen all the time and identity thieves are constantly on the lookout for new victims.
Therefore, it is a great idea to check as often as possible.
Doing this you can minimize the damage to your financial life.
You ca use the services of an independent company to monitor you everything that is reported to the three mayor bureaus as well as who is looking at it.
You can use this as a toll to protect your identity from being stolen, and even to take steps to improve your credit score and gain access to better interest rates.
Using a credit report service might prove to be wise and a good investment in the long term.
Usually the cost for this services is low and many of them offer free trial periods allowing you to use and review the services before you make commitment.