Feb
5
Annual Credit Report – My To Do List – Feb 2008
February 5, 2008 | 5 Comments
Today I ran my free annual credit report. You can do this three times a year if you request one annual report at a time. This maximizes your chances of spotting any identity fraud activity early. The truth is, I often forget to run them – so you might as well run all of them at the same time. Your choice, just make sure you take advantage of the free offer our wise Congress granted us.
Today my credit report looked squeaky clean, as always. No delinquencies. No public records. No accounts of any suspect nature. No incorrect information. At least that is what it says on the Experian one. Any lender should feel proud of lending to me, and any potential employer may like to hire me (some of them DO check credit reports).
A few things that I do have to take care, however:
- Clutter - There are two accounts. I almost think I know who they are. One for an electronics and another one for a jewelry store. You know what type of accounts they are: no interests/payments for half a century and a percentage off if you buy today, and today only! They have their drawbacks. They do clutter your report and reduce your credit score. You tend to forget about them and they tend to accumulate. And if you ever get the urge to use them, they do carry outrageously high interest rates (for me, outrageous is anything above 12%, but these ones are around 22%). I will kill at least one — the jewelry one.
- Length of Credit – I use two credit cards. One for day to day purchases (paid at end of month) and one for emergencies (the one with a very low fixed 7% rate). I have been toying with the idea of getting a credit card for business. However, both credit cards offer good benefits, cash-back, perks, etc. I might as well just designate the low rate one for business (where I run the risk of having to carry a balance if a client doesn’t pay on time). Credit history length is important to increase credit score.
If you have not gotten your credit report, get yours. And prepare an action list. It is good to be ready for when you may need your credit.
Follow the link to get better Credit Reports.
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[...] nabila_cute wrote an interesting post today onHere’s a quick excerptToday I ran my free annual credit report. You can do this three times a year if you request one annual report at a time. This maximizes your chances of spotting any identity fraud activity early. The truth is, I often forget to run them … [...]
[...] Annual Credit Report – My To Do List – Feb 2008 Today I ran my free annual credit report. You can do this three times a year if you request one annual report at a time. This maximizes your chances of spotting any identity fraud activity early. The truth is, I often forget to run them … [...]
[...] Annual Credit Report – My To Do List – Feb 2008 Today I ran my free annual credit report. You can do this three times a year if you request one annual report at a time. This maximizes your chances of spotting any identity fraud activity early. The truth is, I often forget to run them … [...]