Staying up to date on your credit

By
Real Estate Agent with Tierra Antigua Realty

Let's face it - your credit rating is everything.  Whether you're looking to buy a new home, a car or get a new credit card, your credit will make or break you.

My question to you is this:  When was the last time you checked your credit report?  I mean actually sat down and went over your report line by line?

Did you know that you can get your 3 credit reports for FREE once a year?  I do it every single January and then take the time to go over it, highlighting questionable entries and contacting the bureaus if I have any questions.

There was a time that my credit was less than spectacular, due to stupid mistakes in my 'youth'.  Keeping an eye on what's on the report as well as going exclusively with online banking has increased my rating tremendously. 

So, what do you do?  It's easy.  First - go to annualcreditreport.com and register.  Keep this in mind - there are a lot of websites out there that say you'll get your reports for free but watch out for those catches like having to sign up for credit monitoring services.  Annual Credit Report.com is THE official site for your annual reports.  If you go to any other site, read the fine print and do a Google search to check for reviews on that service.

Fill in the information needed for each credit bureau then print out each report.  If you have any questions about an entry, call that bureau.  If you have a question on your Experian report, you have to call them.

The big thing is this - don't be afraid to get credit counseling in your city.  There are services, many usually non profits, that will sit down with you and help you get back on track to building your score.  I did just that and it helped tremendously.  I learned what to do and not to do when it came to working on my credit scores, paying off old accounts and how to challenge questionable entries on my report.

It doesn't take that long to check up on things and, in this day and age of ID theft, having the ability to check things out is priceless and very necessary.

I am in no way, shape or form a credit expert.  Please seek professional help and guidance when dealing with credit questions.

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Topic:
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Ambassador
683,273
Charita Cadenhead
Serving Jefferson and Shelby Counties (Alabama)
Keller Williams Realty

I check mine at least twice a year.  Just a couple of weeks ago, I got a letter from Staples (office supply) stating that I had been decline for a Staples credit card.  Guess what?  I did not apply for a Staples Credit card.

December 15, 2010 11:28 AM
Rainer
22,596
Rick Wilson
Olympia WA Real Estate
Virgil Adams Real Estate

I check mine, too.  I've also 'signed up' for credit cards I didn't really sign up for - next time I get mine I'm gonna teach my kids how to review it - something good for everyone to do - thanks for the reminder!

December 15, 2010 11:32 AM
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Rainmaker
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Emmary Simpson Tierra Antigua Realty - Tucson AZ

Serving Tucson AZ
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