Why Conduct a Credit Check-Up 3 Times Per Year or More?


 

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Male Speaker:
This segment of Credit FYI is brought to you by FreeScore.com.

Carrie:
Do you know that only 56 percent of consumers have checked their credit score in the past year? Come on people, that's not good enough. You need to be checking your credit score at least annually, but I recommend a lot more than that. At least three times a year or when there's activity on your credit report. You know, a lot of people think that if they don't need credit, they don't need to be checking their credit report. That's not true. If you think that you don't need to be checking your credit report and scores unless you need credit, you're wrong. You need to be checking these things constantly. Your credit is like a living, breathing entity that constantly needs to be monitored. There will come a time when you need credit, whether it's buying a home, getting a new job, getting a car, educating kids – whatever the case may be, you will need credit. We live in a credit society. So therefore, make sure you're constantly monitoring your report so that you don't have any surprises down the road. Another extremely important reason to check your credit report is to make sure that there isn't any unauthorized activity occurring. The fact is, we live in a world where there's a lot of personal information out there in cyber space, whether it's of our own doing via social networking sites, or because someone has hacked into a database of a company in which we do business with. It's no wonder instances of identity theft are on the rise. For these reasons, you really need to be checking your report more than once a year. The bottom line from Credit FYI: check your credit score at least three times a year or more.

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Duration: 2 minutes

 

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