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Credit Report: Why
should I check my Credit Report regularly?
Why should I check my credit report regularly?
We all know we should check our credit card statements every
month for charges that we haven't made. But that only catches
the thief who uses an account you know you have. Scan for signs
of possible fraud with your free
credit report
.
In the past few years identity fraud has risen dramatically. In
this insidious form of credit fraud, a thief steals your good credit
by taking over or opening accounts in your name, running up large
balances, and leaving you to deal with the collectors when they
come calling.
New accounts opened with your identity will appear on your credit
report, revealing identity fraud to you. If you don't check your
credit report, it could be months before the credit grantor, fed
up with nonpayment, turns the account over to a collector who tracks
you down and demands payment for a loan you've never even heard
of.
As with much less problematic inaccuracies, identity fraud is something
you can detect and remedy most effectively by checking your credit
history thoroughly and on a routine basis.
Get Your Free Credit Report!
