Checking your credit report regularly helps to ensure that someone else isn’t using your name to open credit cards, apply for loans, or start new utility services and leaving you to foot the bill. Fraud that impacts your credit report can decimate your credit and good standing, making future financial decisions even more complicated and costly.
It isn’t just banks that look at credit reports. Jobs which require a background check can be lot due to erroneous reporting on a credit report due to identity theft.
Check credit reports at least three times a year
Look for red flags
Consider placing fraud alerts
Tools & Resources:
Stay tuned for Part 3: Account Statements coming in February