Print this Page

Why should I get a copy of my credit report?

Because it’s estimated that more than half of all credit reports contain errors! So, you need to check your credit report to make sure the information on it is accurate, and to check for identity theft. Your reports may also list old, unpaid debts you might have forgotten. It’s possible that an old debt was sent to a collection agency, and if the collection agency couldn’t find you, it reported the debt as delinquent to the credit reporting agency. Now that you know about it, you can settle your debt and ultimately improve your credit score. Also, check to make sure someone hasn’t set up accounts in your name. This is a form of identity theft. Identity theft claims millions of victims each year, and it’s your responsibility to check your credit reports for signs of fraud. 

This answer has been viewed 677 times.
Go to main navigation