How To Monitor Your Credit Report

There are many reasons to monitor your credit report.  Taking the time to find out what is appearing on your credit report can help you to identify the beginning stages of identity theft and if you catch identity theft soon enough you can put a stop to it before it causes serious damage. 

Keeping an eye on your credit report can also help insure that any company looking to offer you credit has all of your current and accurate information.  Sometimes the credit reporting companies can get information incorrect and by monitoring your credit report you can make sure your information is accurate. 

You can also keep track of your credit score and know when it will be a good time to make a large purchase such as a house or a car.  The better your credit score, the lower your interest rate and the more money you save.

It used to be quite a process to monitor your credit report before the days of the internet.  You would need to order a report every so often and then complete any change request forms by hand to be mailed to the credit reporting agencies.  Today you can join up with one of several reporting websites that will help you to keep track of all of your credit reports at once and allow you to make any changes to your credit report via an email form.  The most efficient way to have easy and secure access to all of your credit reports is through one of these credit report websites.

Aside from your personal information such as your present address and past addresses along with phone number and social security number,  pay attention to the credit accounts on your credit report.  If you start to see accounts that you do not recognize contact those creditors immediately and if there is a pattern of unknown accounts on your credit reports then you could be the victim of identity theft.  If you see these patterns, alert the credit reporting agencies immediately and they can take the steps to lock down your credit accounts and to insure that only you can get credit in your name.

Sometimes creditors make errors on the information they submit to the credit reporting agencies.  If you notice that some information on your credit accounts does not seem to be correct then there is a process you can follow to dispute that information and submit that dispute to the credit reporting agencies.  There are various credit reporting laws that work in your favor when it comes to incorrect information on a credit account so do not be hesitant to use the processes in place to get that information correct.


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