Why Should I Check My Credit Report Regularly?

To Detect Identity Fraud Early

Identity Fraud is the fastest growing crime in the U.S., according to the Federal Trade Commission. In this insidious form of credit fraud, a thief steals your good credit by taking over or opening accounts in your name, running up large balances, and leaving you to deal with the collectors when they come calling.

But since this is a quiet crime, it can take months before you realize you’re a victim. The best way to catch identity fraud early and stop it from damaging your good name is to check your credit report regularly. New accounts opened with your identity will appear on your credit report, revealing identity fraud to you. If you don't check your credit report, you may not find out you’re a victim until a credit grantor, fed up with nonpayment, turns the account over to a collector who tracks you down and demands payment for a loan you've never even heard of.

 One easy way to stay on top of your credit and have peace of mind is the Credit Check Monitoring service. You’ll have easy access to your credit report as well as Monthly Monitoring Alerts to inform you of changes to your credit file. Not only could this valuable service alert you to possible fraud, it can also help you detect and dispute inaccuracies before they cause a problem.
 
To Become an Informed Consumer of Credit Services

Your credit report can have a dramatic impact on your financial stability. With good credit, you can obtain benefits of all kinds--a home mortgage or lease on an apartment, an auto loan, low-interest credit cards, and more--with ease. But if your credit history is poor, many of these financial options may be unavailable to you. Either way, you have a right to know what to expect when a lender runs a credit check on you.
 
Studies have shown that many credit files contain inaccuracies that can harm your credit rating, leading to rejections when you apply for loans, insurance, even a job. Often the result of simple human error, they can be caused by anything from a clerical error to a computer glitch in which your file is mixed with that of someone with a similar name.

That's why it's essential that you check all of your credit files--and monitor your credit regularly--to protect your good credit standing, even if you always pay all your bills on time.

And if your credit is less than perfect now, checking your report will help you identify lingering problems so you can deal with them effectively and move on toward an improved credit standing. Whatever your situation, reviewing your report regularly is the only way to be sure that you will go into any credit conversations knowing everything lenders will know. 

Start off with a FREE credit report when you sign up for a free 30-day trial of the Credit Check Monitoring Service with no obligation. The service can save you a lot of time and energy by regularly monitoring your credit report for you and pointing out changes or additions to your credit report as they appear.  By knowing what’s been added to your report, you’ll know whether you need to correct any inaccuracies on your credit file or take action against possible identity fraud.  You’ll also have access to dispute forms and a variety of tools that help you truly understand your credit position.  Plus, with a regular membership, you get unlimited free copies of your credit report, so you can review it as often as you like.  To get a free copy of your credit report and to see if the Credit Check Monitoring Service is right for you, sign up for a free 30-day trial today.