Here is the reason why it is so important to check your credit report

Here is the reason why it is so important to check your credit report

Do you frequently read your credit report? Most people don't, and that is when problems appear. In this article, you will learn why it is important to check your credit report. Read on for more information. 

Do you frequently read your credit report? Most people don't, and that is when problems appear. In this article, you will learn why it is important to check your credit report. Read on for more information. 

If you spend quite a long time without reading your credit report, you might lose control over it and your finances may turn out of control 

According to the Society for Human Resource Management, a third of U.S. employers conduct credit checks on some job candidates. Especially if you apply for a job that requires a special security clearance or involves handling money, having credit issues could raise potential red flags about your suitability for the role. 

According to the Society for Human Resource Management, a third of U.S. employers conduct credit checks on some job candidates.

What is more, if you plan to refinance your house loan your lender may check your credit to see whether anything in your financial situation has changed. High balances or inaccuracies in your credit report could give the lender reason to reject your refinance.

What is more, if you plan to refinance your house loan your lender may check your credit

Also, if you’ve got a collection call for someone else received information in the mail about a credit card you didn’t open, or gotten a notice from the IRS that doesn’t seem to apply to you, those are all signs your credit may have been compromised. A look at your report can determine whether there’s a fraudulent activity in your name.

Finally, remember that you are entitled to a free copy of your credit report once a year from each of the three major credit reporting bureaus. 

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