Until the recent hacking of Equifax, you probably hadn’t checked your credit report in a while. Knowing what is in your 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.
1. Protect yourself 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. 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. Checking 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. 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.
If you haven’t done so recently, take the time to check your credit report today.