Start Being Wary of Your Credit Now
Start Being Wary of Your Credit Now
It is vital that you get to make it a yearly habit to log in www.annualcreditreport.com or call 877-322-8228to get a copy of your credit report from Experian, Equifax and TransUnion. Most especially, you have to keep a close eye on possible typo errors or transactions you have already settled because these mistakes in the recording often result to bad credit for most people.
You probably already know that bad credit prevents you from buying that car you always wanted, it is difficult to get a loan for student aids or for starting a business, and most especially it is difficult to get a great deal for a house or an apartment. It does not stop there; bad credit also affects what kind of job you can get.
No one is safe from bad credit, even if you are among those individuals with spotless credit because you can manage to pay your liabilities without delay and you think it would be pointless to check on your credit report because you have been a good client. But that is a very bad assumption. The credit reporting companies may make mistakes in their reporting; they may even fail to record your payments in some bills. Or worse, you might be an unknowing victim of identity theft. If you do not check your report you may find it out too late and you will suffer the consequences.
If you find any errors in your report here is what you should do:
Send a letter addressed to the record company, in the letter include what errors or problems you have and politely ask for the company to correct them. You must encircle the item you believe may be incorrect and include a copy of a receipt or any evidence showing that you have cleared this. Never forget to include a return receipt request.
Related posts on loans for people with bad credit:
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Filed under: bad credit • Credit • Credit Score
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