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					Title:
How To Check Your Credit Report


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444


Summary:
When you are applying for a new credit card, or an extension of a credit or loan, your lender will review
your credit report before granting you anything. So it is probably best to check up on your credit report as
well. This way you can correct any inaccuracies and fix your credit report immediately. Ideally, you should
check up on your report monthly, and even weekly, especially if you have made a large credit purchase.


Consistently checking up your report will help you ...



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When you are applying for a new credit card, or an extension of a credit or loan, your lender will review
your credit report before granting you anything. So it is probably best to check up on your credit report as
well. This way you can correct any inaccuracies and fix your credit report immediately. Ideally, you should
check up on your report monthly, and even weekly, especially if you have made a large credit purchase.


Consistently checking up your report will help you to eliminate errors and mistakes easily. It is important
that you are up to the task and fix your credit report when problems arise because otherwise, you may have
trouble applying for a credit card or loan.


The way to go about keeping an eye on your report is to first get a summary of all your credit accounts and
the total debt you’ve incurred. This includes the available limits and existing balances. Any inaccuracies you
can then quickly rectify.


More importantly, by constantly reminding yourself of your credit report, you can budget and plan for the
future. If you want to buy a brand new car or house, you need to make sure you’ll be easily granted the loan
required for such expensive investments.


If you’re not willing to check your credit report that frequently, at least look over it thoroughly once a year.
At the end of the day, it is up to the creditors to evaluate your report, so you only have control over
correcting errors really. When a creditor does finally accept your account, they will then determine how
much to pay you based on your credit history.
Credit history matters and things like bankruptcy and disclosure will be major factors. The national credit
bureaus are responsible for collecting information for your credit history and they will indicate what
accounts are overdue or late – they actually sell this information to creditors. Success for applications of car
insurance, apartment leases, cell phone services and the like will all depend on their credit history.


Even if you think your credit history is good, you will need a copy of your credit report. You may find
overlooked errors and compelling statements written on the report. Don’t be the last to know what’s in your
file – get ahead of the game. Major consumer reporting companies can provide a copy of your credit report
free of charge, so there is really no disadvantage to taking this step. If you fix your credit report, you may
also end up securing a job promotion or loan application that you otherwise may have lost based on a silly
error.




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posted:1/4/2012
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