Negative information in your credit report can be detrimental to your finances. This information can prevent you from buying a home or car. Because of this, monitoring your credit report is imperative.
But where do you find your credit report, and how do you read it? If you find a problem, how can you fix it?
Importance of Monitoring Credit Reports
A credit report helps you determine and understand your current credit position. It allows you to see what lenders and credit card companies see.
Because lenders and credit card companies use these reports to determine your creditworthiness, a mistake in them could cause you a serious financial setback. It could be the difference between buying a home and renting….