4 Reasons To Check Your Credit Report

Credit Report

Your credit report matters. Since Equifax, financial institutions and many retailers have had issues protecting consumer information, you should check yours. Knowing what is in your credit report can help you avoid problems with everything from landing a job to buying a home. Here are four reasons to find out what’s in your credit report.

4 Reasons To Check Your Credit Report

1. Protect yourself and your cards from identity theft

Fraudulent credit accounts and loans in your name will ruin your credit score. Getting them removed can be difficult, but must be done to clear your name.

2. Avoid unpleasant surprises with a bad report

Knowing what is on your credit report before you want to buy a car, apply for a mortgage or rent an apartment is important because companies will be looking pull your report before doing business with you.

3. Correct mistakes with credit reporting services

After that, check your reports for mistakes or old information is a good idea to do as well. You can request this information be removed.

4. Build your credit score for a better future

By paying your bills on time and lowering your debt you can build your credit score. Which will make it more attractive for financial organizations to do business with you.

Therefore, if you haven’t done so recently, take the time to check your credit report.

How long does it take?

The answer is…it depends. It depends on how you ordered your report. If you request your report at AnnualCreditReport.com , you should be able to access it immediately. By ordering your report by calling (877) 322-8228, your report will be processed and mailed to you within 15 days. If you use the Annual Credit Report Request Form  or write a letter, your request will be processed and mailed to you within 15 days of receipt.

In addition, here are more safety related posts:

Keep Your Family Safe Online

Check Your Passwords

Affordable Home Safety

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Janet Schiesl

Janet has been organizing since 2005. She is a Certified Professional Organizer and the owner of Basic Organization. She loves using her background as a space planner to challenge her clients to look at their space differently. She leads the team in large projects and works one-on-one with clients to help the process move quickly and comfortably. Call her crazy, but she loves to work with paper, to purge what is not needed and to create filing systems that work for each individual client. Janet is a Past President of the Washington DC Chapter of the National Association of Productivity and Organizing Professionals (NAPO) and was voted 2016 Organizer of the Year by the Washington DC Chapter of NAPO.

12 Comments

  1. Seana Turner on February 10, 2020 at 8:33 am

    My husband had his identity stolen years ago, and it was a HUGE job to get things back in order. This is very important for everyone. It seems like some site gets hacked every day, so wise to be on top of your credit report and not experience those “unpleasant surprises!”

    • Janet Schiesl on February 11, 2020 at 10:20 am

      That’s too bad Seana. It’s such a hassle to restore your digital identity.

  2. Nancy Haworth on February 10, 2020 at 9:28 am

    Regularly checking your credit report is so important! Thank you for these reasons and the details on how to request a credit report. I hope this motivates many people to check their reports!

  3. Sabrina Quairoli on February 10, 2020 at 11:38 am

    Great reminder! Credit monitoring is also a great option too. They email you and text you right away when there are changes to your report.

    • Janet Schiesl on February 11, 2020 at 10:26 am

      That’s a great service for folks who never check their report themselves. Thanks for mentioning it.

  4. Janet Barclay on February 10, 2020 at 11:56 am

    We used to get a ton of calls from a collection agency about an individual with the same last name. Eventually we got concerned that their delinquency might hurt our credit rating so we requested reports and were relieved to see no reference to any of it.

    I’ve heard you should do it too often though, because it may show up on the record as a credit application and too many of those could raise a red flag.

    • Janet Schiesl on February 11, 2020 at 10:28 am

      Yes, I’ve heard the same thing. I think once a year is enough.

  5. Linda Samuels on February 10, 2020 at 8:27 pm

    What a great reminder! To go along with this, on some home insurance policies you can add an inexpensive rider that will cover some of the costs if you do have an identity theft issue. The fees are nominal and the coverage is pretty substantial. It could be worth looking into in addition to checking your credit reports.

    • Janet Schiesl on February 11, 2020 at 10:34 am

      Thanks for the suggestion Linda. This is an important topic.

  6. Julie Bestry on February 11, 2020 at 1:16 am

    I suspect I’ll have credit monitoring available to me for the end of time; every time another company gets hacked, they provide users with a year of monitoring; the monitoring due me will probably outlast me. Still, I like checking my own reports, creating a PDF of all three, and going slowly through each one to make sure nothing is awry. It gives me a wonderful snapshot, and it means that if something does get mucked up, I’ll have a baseline of the last time everything was fine.

    Thanks for sharing!

  7. Janet Schiesl on February 11, 2020 at 10:36 am

    That’s a great idea Julie. I should do this too.

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