Last week, one of my credit cards companies was hacked. First I panicked. Then I Googled. Once I knew what to do, I acted fast.
I called Capital One and froze the credit card. After that I checked my credit report. Then I breathed a sigh of relief. So far, everything looks good. But this made me realize I hadn’t looked at my credit score in ages.
What about you? When’s the last time you checked your Credit Report? Even if your credit card wasn’t hacked, it’s a good idea to do it at least once a year, if not every quarter.
A Credit Report is a summary of your financial reliability, your history of paying bills.
If you’re not monitoring your credit, you’re taking a big risk. Credit makes a huge impact on everything from your insurance rates to your ability to rent an apartment or refinance a mortgage.
You might be paying higher interest rates, higher insurance premiums, or other fees because of “bad credit” that’s the result of a simple, solvable error.
There are 3 credit reporting agencies: Experian, Equifax, Transunion. Every year, you can get a credit report at no cost on www.AnnualCreditReport.com.
If you find an error, report it to the agency immediately.
Credit scores under 400 are considered low…above 700 are considered healthy.
Have you ever found errors in your credit report? Join the conversation below.
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