Knowing your credit score and your credit report has become increasingly important. With updates in technology and increases of consumer related fraud, we all need to keep an eye on our credit and our credit score for protection.
Break In – This is a Soft touch of our Credit Score thereby not doing harm like a hard score check does ! Why is this, the Credit Agencies raise a brow when your Credit is pulled as they fear a run up in your Credit and try to jump ahead of any such run! Not fair for sure …don’t make the rules just live by them!
Why Do I need to Know or protect my score?
While you may not owe anyone, anything i.e. have a loan with anyone … well done by the way….. A bad credit score can still affect items such as your automobile and your homeowners premiums… no kidding (see this Forbes article.) We cannot blame them, there is data to check and it is their responsibility and ability to review it. Here is another good summary from USA.Gov
Bottom line a bad credit score or report may be costing you more money.
How do I get a copy of my credit report?
After you get your score, you may want to get a detailed copy of your credit report. Go to www.annualcreditreport.com, which is a free service offered for your own protection by the three agencies. There are tons of sites out there that are not free and try to seduce you into paying an unnecessary monthly fee, this site has been checked and is safe BUT BEWARE UPSALE ATTEMPTS WILL OCCUR!
You may request all three services or just use one and keep the other two available at a later time. This may be handy as you only get one free report per agency per year. If you stagger the reports you can inquire at different times, keep later dates open for inquiry.
If your report is good, there is likely no reason to get more than one agency report. If your report has deficiencies you may protest from the site as it is reported.
Taking time to review your credit and credit score is easy and may save you angst and money!
Have a great “Review that Credit Score” day!
John A. Kvale CFA, CFP
AI Content Authenticity: Credit Report Image created by AI. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note below the image when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
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