Examining Credit Report
Posted at by ifydcat on category CreditNo matter if we have credit or not, or even if the credit report indicates that our credit is less than pleasing, it’s very crucial for us to notice what’s on our credit report. By using printed pocket folder you will be able to manage all of your credit reports a lot easier. Not checking credit report is for sure a huge disservice, particularly if we haven’t examined it in a long time. We should also fix our report so as to save hundreds if not thousands of dollars over a year’s time. Well, by observing the following worst case scenarios, we might come to realize how necessary it is to examine our credit report.
The Occurrence of Identity Theft
By examining credit report, we can spot if anyone has stolen our identity. If there’s unrecognizable thing on our credit report, one of two things may have occurred. Perhaps the company has made some errors by issuing the debt, or else, there could be someone stealing our identity and opening a line of credit via our name.
Owing to this condition, you should dispute the charge instantly. It commonly takes thirty days for the company issuing the debt to respond the disputed item. If they fail to respond, it means that the item is taken off your report. If it’s not, and you think you’ve been the victim of identity theft, then you can take several actions such as calling the police and calling the creditor to tell them that the debt is absolutely not yours.
Don’t Forget to Fix Your Report
By studying your credit report, it’s likely for you to spot who you owe and how much you owe. If your report is riddled with small balances, start with those first. Slowly but sure, send as much as you can and you’d be astonished with how fast you can pay those little balances off and you’ll also be astonished with how just doing that little bit can increase your credit score.
Once Per Year
You should comprehend your rights of having one free copy of your credit report a year and keep it neat. Keeping your credit report in the ordinary standard file folder can be very frustrating because the papers will get out of order. That’s why you need custom pocket folders to help you in handling your credit report effectively. You should call one of the three credit reporting agencies, or make a contact with them all to carry out a more perfect viewing of your report. You can make a contact with Experian, Trans Union as well as Equifax as the three agencies coping with credit report. Bear in mind that not every company reports to every agency, so you had better get all three reports to get the most precise view of your credit standing. You can also recognize what you owe, how much it is, and the option of being the victim of identity theft.