Protect Your Credit

Credit Tips Why should I check my credit Whenever you apply for a loan, a job, or an apartment, your credit comes under scrutiny. Your credit history and credit score are used by lenders to assess the amount of risk you represent. Lower credit scores or adverse credit history will result in higher interest rates that can cost you thousands of dollars in the long run. That is why improving your credit is so important.Checking your credit report is the first step. Sometimes a small mistake can linger on your credit report and continue costing you money for years. For example, if you change addresses and a bill does not get forwarded to you, or if a vendor makes a mistake in processing a payment, it may remain on your record as delinquent. According to a US Public Interest Group Report, as many as 70% of credit reports have errors on them. What is credit monitoring? Credit monitoring is a service in which an authorized agency notifies you whenever an update is made to your credit report, such as the opening or closing of an account, a change in address, or the processing of a loan payment. It’s a great way to keep track of your credit standing. It’s also one of the only ways to catch identity theft early, before any serious damage is done. Identity theft is...

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