Do you know what’s in your credit report? If you do that’s great, but if you don’t it’s time to learn. Your report will have all your details. Address date of birth etc. So check that it’s all correct. Then the report will show you your history. Your car loan and credit cards will all be in there with all the amounts of credit given to you and what is left.
There is also a section that will tell you if anyone has checked you out so to speak. If you have tried getting a job or a loan it will most likely show up in this report. So why do you need to know all this? Well if you get turned down for a job or a loan application goes down the drain you need to know why so you can correct the issues at hand. Plus it helps you in the fight against identity theft.
As you might or might not know it is the information in your report that decides your credit score. And we all know that a bad credit score is not something we want. a bad score means your loans will be more expensive your insurance will go up and your future job might not be your future job after all.
Do you now see why the headline “know your credit report basics” are so important? You need to stay on top of things and be careful that you don’t fall in to the bad credit category because it will only be harder to get out the further down you go. Just get a hold of your report and do what it takes to get the report to look nice and stay out of trouble. Your wallet will thank you for it!