The major advantages of Control Credit Report

Whether we have credit or not, or if credit report shows that our credit is less than gratifying, it is very crucial for us to notice what is on our credit report. Not studying credit report is definitely a huge disservice, especially if we have not studied it for a long time. We should rectify our report, so to save hundreds if not thousands of dollars over a year. Well, by examining the next worst case scenarios, we can come to understand how important it is to check our credit report. 

Prevalence of Identity Theft

By studying the credit report, we can notice if someone has stolen our identity. If there is unrecognizable things on our credit report, one of two things have happened. Perhaps the company has made some mistakes by issuing debt, otherwise there could be someone steals our identity and opening a credit line through our name. 

Caused by this condition, you should dispute the charge immediately. It usually takes thirty days for the company issuing the bond to answer the vexed topic. If they fail to respond, it means that item is taken your report. If it is not, and you feel you have been a victim of identity theft, so you can take several actions such as calling the police and call the creditor to tell them that the debt is definitely not your. 

Do not forget to Fix Your Report

By checking your credit report, it is possible for you to see who you owe and how much you owe. If your report is riddled with small balances, starting with the first. Slowly but surely, send as much as you can and you will be surprised with how quickly you can pay the smaller balances down and you will be amazed with how exactly to do little to increase your credit score. 

Once a year

You should be aware of your rights to get the free copy of your credit report annually. Therefore, you should contact one of the three Credit Reporting Agencies, or make a contact with them all to make a more accurate view of your report. You can contact Experian, Trans Union and Equifax as the three agencies cope with the credit report. Remember that not all companies report to each agency, so you better get all three reports to get the most accurate view of your creditworthiness. You may also notice what you owe, how much it is and the chance to become a victim of identity theft. 

Do not stay trapped in doubt. Have more knowledge about credit report and get you updated with it by clicking on the links here!