Have you checked your credit score or credit report once and then just forgotten about it?
Here are a few reasons building a long term relationship with your credit score is so important:
To build and maintain a good credit history
Regularly checking your credit score could help you ensure that you’re in a good position when applying for new credit. It can also help you monitor your progress if you’re rebuilding your credit history because of some missteps in the past.
To spot errors
Sometimes errors may crop up on your credit report. It could be as simple as a duplicate entry, a misspelling of your name or the wrong address, or it may be an entry that shouldn’t be there at all. Either way, you want to make sure your credit report is accurate and up to date before you apply for any new credit. For more information, head over to our blog article: How to fix an error on your credit report.
To monitor for identity theft
If there are entries on your credit file that you don’t recognise, someone may have used your identity to apply for credit. If this is the case, contact the credit reporting body and the relevant credit provider so they can investigate the fraud and have your file corrected.
Because it’s free
Who doesn’t love a freebie? Credit Savvy, have made monitoring your credit score and credit report easy by sending you monthly score updates and alerts when there are changes to your credit file – all for free!
This article originally appeared on the Credit Savvy blog and has been republished here with permission.