Free Annual Credit Report - What is So Important About It?

Are you interested in getting a copy of your free annual credit report? Do you want to know what to look for and why it is so important to get your credit report once a year? There are many things you need to be looking for and with the rising identity theft you need to see a copy of your credit report at least once a year. Here is what to look for when you get your free annual credit report.

First, you need to check the entire report for accuracy. If there are any debts, credit cards, judgements, or other accounts that are reported that do not belong to you, then you need to dispute them by writing a letter to the credit bureau. Also, check your address, employment and other information for accuracy as well and dispute it if it is not reported correctly. These things alone can drop your credit score drastically.

Second, you need to check and see if anything you are paying on time is not being reported. If you have a car that you have been paying on time, but it does not show up, then you need to contact the financial company that is dealing with your car and find out if you can get them to report to the credit bureau. This can help raise your score because a debt in good standing will always help you out.

Last, you should really be looking at your credit report each and every quarter or once every 3 months. This will help you to notice any signs that someone might have stolen your identity and might be using it to get financing or something else. This is very important because they could destroy you and you would never know. This is why the free annual credit report is not enough and you need to be checking your credit more often than once a year.

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