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In today's crushing economy, you need credit in order to get just about anything. If you aren't checking your credit score monthly, you may be missing out on some extremely important information that can make or break your credit portfolio and adversely affect your buying power. Here are three reasons why you absolutely must check your credit score as quickly as possible.
1. Credit Reports Contain Errors
This is huge and could make up the whole article in and of itself. It's a sad fact that a large majority of credit reports contain errors that are dragging your FICO score through the mud. Talk with your co-workers, or friends, and ask them about finding errors on their credit report. A majority of the people you talk to will agree that their are errors on there that they had to have fixed.
If and when you find these, you can dispute them and have them taken off in only a months time. This will increase your score exponentially.
2. Employers are Peeking at Your Credit Report!
With hundreds of people going after one single job position, it's becoming more important to narrow down the job selection even more. It's important to know what they will find to see if they might possibly find something that will make you look bad. If you do find something, you can have it disputed and they will have to verify the debt or take it off. It works quite well actually.
3. It's Free, Why Not?
Most people don't know this, but you can get a free copy of your credit report once per year. What a sweet deal right? It's pretty crucial that you at least look at the report to see if there are any errors. It could be the difference between a loan approval or denial.
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Source by Marc Sumner
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