Why Is Your Credit Report Important?
Your credit report can be a finance management tool for you at some moment in life. A credit report is a tool that can say a lot about your financial background. The report can also reveal your personal payment history and lending or credit worthiness which is essential when you apply for a loan or a credit card. Therefore, it is essential that you keep a regular check on your credit report. Why should you keep a check on your credit report? While many consumers obtain their copy of annual free credit score to keep a check, a few people don’t check their credit report at all. They are not doing anything, but putting their financial health at risk. Not keeping a check on your credit report can cost your financial health and can lead to loan and credit card denials. Not checking your credit report also means you will miss a downtick in your credit score. It also means higher interest rates on loans and credit. There’s more. You may even lose your job offer fr...