Checking Your Credit Report is a Good Idea
Have you checked your credit report lately? If you answered no, why not? Under federal law, we are all entitled to receive a free credit report annually from each of the three credit bureaus. During the pandemic, there is even an option to receive free weekly access to our credit reports online! Now, what's your excuse? What is a credit report? A credit report is an organized report of your credit history and activity. Credit info is reported by the three major credit bureaus - Equifax, Experian, and TransUnion. Why are Credit Reports Important? Credit Reports are important for many reasons and one reason we often hear about is how it impacts your credit score. The information reported can impact crucial areas of your financial life. You want to make sure the information reported is accurate, complete, and up to date. This is especially important before a major financial event such as applying for a loan or credit card as the information within your reports may affect the interest...