Having a bad credit report can cost you a place to live and a job. Try moving into an apartment or buying a boat and not being able to show good credit. How is one supposed to change their credit without using credit? You can’t. You have to prove your credit even if it’s damaged. That is why we recommend credit reports to check up on the status of your credit all the time.
According to a Public Interest Research Group survey, 79% of credit reports featured errors which is nearly four in five, suggesting that the odds are strong that your credit report isn’t as clean as it should be. Even worse they found that 25% had serious errors which is bad enough to lead lenders to refuse you credit or employers to refuse you a place to work when you need it most, including buying a house or car. A bad credit score can even be the cause of some people not being able to open a bank account.
Watch for Scams.
There are many online credit scams that claim to give you a free credit report. Be sure and read the fine print and make sure it is not just for some special niche. We at Banklady have picked a known company to provide our credit reports and they offer free trials or paid credit reports, depending on what level you want the “Free” credit report is a credit report that is for thirty days free then they charge you if you wish to continue the credit card billing. There are also credit report companies, Clear Credit for example, that give you a free credit report only if you sign up for their credit repair service which bills you for each error found on your report. We recommend our credit report or one that you have to actually pay for and find out about your credit. Your credit is something that you cannot take forgranted so make sure you get the best report from the big three. By law the big three are supposed to grant you a free credit report each year but its more hassle to write in to each agency when all you have to do is sign into a credit report website and have it all done online. If you are applying for a loan, your lender normally gets a credit report for you so you can check lenders and save money on a credit report this way as well.
Watch for Identity Theft.
With the growing and record-breaking news of identity theft on the rise, and more and more information on the internet we certainly recommend ordering a credit report at least every six-months or a year. If your wallet has been stolen, or if you think you left your credit card receipts at a gas station; there are many ways people scam the system.
Always Double Check Receipts – No matter how small they are! You do not want to get ripped off.
Make sure you keep every receipt and double check your credit card statements, do this to even avoid businesses or restaurants taking advantage of you. One visitor said “my waiter ripped me off and wrote a tip for ten dollars on a $23.19 tab.” This was not authorized and because she kept her receipt she immediately called the credit card company and got the charges reversed.
Use a trusted company when obtaining credit reports online
We use one of the Worlds largest banks or credit reporting agencies to insure we get credit monitoring and credit reporting without having to worry about the information going out to the wrong person resulting in ID Theft. Through our partner of Citibank we offer a free credit report online for 30 days and if you forget to cancel it is only $12.95 a month which is cheap compared to most offers you see for credit monitoring. It is a small amout to pay to prevent theft of your identity or possible bad marks on your credit rating.
Credit Report Learning Center :