Get a free copy of your credit reports.
Credit reports summarize your history of paying loans, credit cards, and other bills. If you apply for a loan or insurance, or you want to rent an apartment, chances are your credit report will be reviewed. One reason you should monitor your credit reports is to correct errors or omissions that can leave bad marks on your credit history. Inaccuracies may cost you hundreds of dollars each year due to higher interest rates on a loan or credit card. You also should review your credit reports to protect against identity theft.
Under federal law, you are entitled to one free credit report every year from each of the nation’s three major credit bureaus. To order your free reports or for more information, go to www.AnnualCreditReport.com or call toll-free (877) 322-8228.
Categories: Personal Finance
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