Your credit report is possibly the most important document when it comes to your personal finances. It is your gateway to credit and many other key services.
However, some people still don’t realise the importance of annually checking their credit report, nor the serious problems that can arise if something goes badly wrong with it, for example, if someone uses your name to fraudulently apply for credit or if your report contains incorrect information which could affect your chances of being accepted for credit.
By checking your credit file, you can check that creditors are seeing correct information about the way you handle your finances, identify if a fraudster is trying to apply for credit in your name, and highlight areas of your report that could be improved.
Having an excellent credit rating will allow you to access credit more easily and at a lower APR.
If you drive a car, you will get it checked every 12 months to check it is working properly because, ultimately, you rely on it to get you where you need to go, and in one piece. It is considered so important that it is against the law not to get you car checked every year.
Obviously, you won’t get into trouble with the police if you don’t check your credit report regularly, but it is almost a crime to your finances.
What possibly makes the ‘crime’ even worse is the fact that you can actually get your credit report FOR FREE from Experian’s Credit Expert service.
Plus, if you need help with understanding your credit rating, why not look at our guide ‘How to improve your credit rating’ and make use of our template letters to fix any problems with your credit report.
Click the link to get your free credit report from Experian’s Credit Expert.
