How Often Should you Check your Credit Report?


How Often Should you Check your Credit Report?

Personal data is breached regularly in today's world. Because of this, it is wise to make sure your credit information is accurate and is not being used without your knowledge. The good news is you have the right to see your credit reports for free at least once a year, thanks to federal law. You can check yours for free from each of the three major credit bureaus (Experian, Equifax and TransUnion).

Why Should You Check Your Credit Report?
Your credit reports are regularly updated to reflect new data received by the credit bureaus. Inaccurate information may suggest your data has been mixed with someone else's or that you have become a victim of identity fraud. Other errors sometimes come up as a result of payments that are wrongly reported as late or outdated information  ‐  each of which can hurt your credit score. By checking your credit report, you can help to rule out errors that may lower your score, thus bringing it up!

How Often Should You Check Your Credit Report?
You can check your credit report at any time, but some experts suggest staggering your three free credit reports throughout the year. Consider checking your report every four months, using each of the three agencies one time a year. If you do not want to check your score that frequently, choose one to review at least one time a year.

How to Check Your Credit Report
Grab your free annual credit reports at annualcreditreport.com or you can also do so by mail. If you believe you are a victim of identity fraud and you place a fraud alert, you are entitled to an additional free credit report from each of the three credit bureaus.

For help on improving your credit, contact us today.

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