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Do you know what your credit report says about you? I mean, right now, not what it may have said about you last year or the year before. If you are like most consumers, the honest answer is no. With so many things to keep track of in our busy lives, many of us feel like we cannot add one more thing to the "check on regularly" list of items. But despite how busy you may be, checking the content of your credit report regularly is something that you need to do, even if you need to bump something else off of your already overflowing list. The reasons for this prioritization are many, but if you are not checking your credit report regularly, you can be assured that others are, and there may be data on there that is not correct, which is going to bite you in the backside at the most inopportune time at some point in the future, and you will not have time to make the corrections at that time because you will be up against the wall for getting some kind of important financial transaction approved. One of the big reasons to check your credit report regularly is to make sure that it does not contain errors. Studies have shown that the majority of consumers have one or more errors in their credit report. The interesting thing about this is that those errors will never get corrected unless YOU take action to get them corrected. If you don't do that, then those errors will remain on your credit report for years to come. The end result of having errors on your credit report is that your credit score is calculated to be lower than what it should be. This could mean a truckload of unfavorable things, like getting a lousy rate on your next car loan, getting a higher rate on your mortgage refinance, getting less-than-optimal rates on your car insurance, being denied credit for that new credit card, even being passed over in favor in someone less qualified for that new job you had applied for. All this because you did not take the time to find and correct errors in your credit report. Are you really THAT busy? You see, any time you do any type of financial transaction like a loan on a car, a payment on a new washing machine or big screen TV, a mortgage application or refinance, the lender pulls a copy of your credit report. The scores shown there will tell the lender how much RISK you are if they approve the loan. Even car insurance companies are now getting into the act, with many of them using your credit score to make a determination of what your premiums should be, with the "evidence" they have compiled which allegedly shows that people with lower credit scores file more claims. How do you fight this? It's not really a fight, but there are procedures that need to be followed, and followed correctly so that the credit bureaus do not dismiss your allegations as frivolous. You will need to get copies of your credit report from the three major credit reporting companies, which are Experian, TransUnion, and Equifax. Go over these reports with a fine tooth comb and find anything that is not correct. It is both your right as well as your duty to get those errors corrected so that your credit score is calculated correctly. Don't put it off another day. Get copies of your credit report, which are free once a year, and get started raising your credit score to the level it should be, which is only to your ultimate benefit. For more insights and additional information on how to Raise Your Credit Score as well as getting free copies of your credit reports, please visit our web site at http://www.credit-help-center.com
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