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Top 10 Reasons Why You Should Review Your Credit Report Regularly
Besides paying your bills regularly and on time, the single most important thing you can do so show that you are a good risk is to known what's in your report.Studies have shown that many files contain errors that can harm your rating, leading to rejections when you apply for loans, insurance or even a job. The errors range from simple human error to being mixed up with a similarly named person.It's essential that you check your files and monitor your regularly in order to protect your good standing, even if you always pay your bills on time.And if your needs improvement, checking your report will help you find any problems that can be cleared up. A correct report, paying your bills on time and the passage of time will ensure the highest scores.1. Cleaner reports improve your FICO™ score.2. Find errors in your

report before they damage your rating.

3. Become aware of unauthorized activities which can be an early warning sign of identity theft. 4. Clear up errors in your file before applying for new cards or loans 5. Find out which companies have made inquiries on your file (too many inquiries can lower your score).

6. Close accounts you are no longer using and lower limits on existing cards. 7. Improve your report so you can get lower interest rates on mortgages, car loans and cards.8. Reduce your car insurance rates (some insurance companies base your rates on FICO™ scores).

9. Know what a potential employer will see in your file if you are applying for a new job or promotion.10. Your report is constantly changing and you are the person most interested in keeping it accurate and up-to-date..





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