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• Meghan
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Stay Smart: Inspect Your Credit Report

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So it’s smack dab in the middle of summer and boy am I loving it! Spending weekends at the pool, cooking out on the grill and doing the things I love without having to think of homework, tests, or anything school-related at all is one of the more satisfying things in life.

But regardless of whether you’re in school now or are going to be starting back up in the fall, now is the time to get a few things in order. One of those being your credit. But in order to do so you’ll need to view your credit report.

How do you go about viewing it? Just go to here and ask for your free credit report from all three credit bureaus (Equifax, Experian and TransUnion.) More than likely you will be able to view all three online immediately.

Why You Need to View Your Credit Report

There are a few reasons you need to view your credit report at least once a year.

1. Make sure you are not a victim of identity theft. The number one issue reported to the Federal Trade Commission is that of identity theft. You will want to view your credit report to make sure all the accounts it shows are accounts you opened up yourself and no one else has opened up under your social security number and other information.

2. Ensure all information is being reported accurately. A survey by the U.S. Public Interest Research Group found that 79% of people have some kind of error on their credit report. By viewing your credit report annually you’ll be able to look over the details and make sure that all your information is being reported accurately. If it isn’t, you can dispute it with the credit bureau reporting the information.

3. Get a wake up call. By viewing your credit report you might just get a wake up call to something you weren’t previously aware of. Your credit report will show all of your accounts and your particular standing with that company or financial institution. You may see an account you have been neglecting. By getting this wake up call you can get on your way to repairing your credit and building up a good name for yourself financially.

Have you ever viewed your credit report in the past 12 months?