Matters Pecuniary ... credit cards, banking, debt management, |
The risks of not reviewing your credit reports each month
Under the Fair Credit Reporting Act, consumers have the right to obtain a free copy of their credit report from each of the three major credit bureaus (Experian, Equifax, and TransUnion) once every 12 months. But, this shouldn’t be the only time that you’re reviewing your credit reports. Inaccurate information in your credit reports not only directly affects your credit score. The price that you pay for credit could be affected. This means that you could pay higher interest rates without even knowing it. You could also be denied credit or service because of information in your …