Have You Done Your Annual Credit Review Yet?

annual credit report

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Financial habits make us who we are. Good spending habits will keep more money in our pocket; poor spending habits burn a hole in our pocket. One very important financial habit that will give spenders and savers more money is the habit of doing an annual credit report review. If you are not already doing that, you should be.

Why To Do Your Annual Credit Report Review

Find & Correct Credit Report Errors

Credit reporting agencies are only obligated to report the financial information they receive from financial institutions. These agencies are not obligated to correct the information unless told to do so by you.

Who cares the most about your credit report? You and only you! Your credit report is a financial reflection of your financial habits. When creditors, landlords, insurance companies, utility companies and employers want the financial skinny on you they refer to your credit report.

The type of service you receive, job you land or interest rate you get charged is all determined by your credit report. Therefore, it is in your best interest to keep your report tidy. You do that by monitoring it on a regular basis. If you do not take the time to do monitor your report no one else cares enough about it to do so. The only guaranteed way to find credit report errors is by doing an annual credit report review.

Free Annual Credit Report

Each of the 3 major credit reporting bureaus is required by law to offer everyone a free credit report once a year. You just need to take the time and make the effort. Those credit bureaus are Experian, Equifax and Transunion. Requesting your free credit report is as easy as going to their individual websites.