When was the last time you looked at your credit report? Habitually at a minimum you should do so annually that is if you want to get the report for free. Because of errors I have personally found on my own credit, I have learned to review my credit at least quarterly. Errors on your credit report can impact you life and access to loans, credit cards, home, auto, life and business insurance.
So Do you know what’s on your credit report?
Looking for a new job? More and more companies are requiring a good credit report in order to be hired.
I came across some good news today that the Attorney General of New York, Eric T. Schneiderman has come to an agreement with all three major credit reporting agencies. This is a huge victory for consumers. A recent study done in 2012 by the Federal Trade Commission found 26% of the participants had at least one item wrong on their reports. Insurance companies are monitoring our credit reports as a major factor for premiums. With this new agreement credit companies will need to make sure the information listed is actually correct. Additionally they will be required to increase fairness in resolving consumer disputes of credit report errors; and protect consumers from unfair harm to their credit histories due to medical debt.
You as a consumer has the right to request a free copy of your credit report every year. To request a copy of your report from all three agencies you can call 877-322-8228 or request copies online at www.AnnualCreditReport.com.
To read more on this news report follow the story at http://www.ag.ny.gov/press-release/ag-schneiderman-announces-groundbreaking-consumer-protection-settlement-three-national
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