| The credit reporting agencies are responsible for | | | | access over the internet. There is really no excuse for |
| reporting any data that is related to consumer credit. | | | | not knowing what is on your credit report. Most states |
| Every positive transaction that takes place is not | | | | allow for one free copy of a consumer's credit report |
| always recorded, on the other hand the majority of | | | | annually, some states allow two. Additionally, there are |
| negative transactions most likely will make it on to the | | | | several companies online that offer a 3 bureau credit |
| credit file. These derogatory items will have an | | | | report and scores with credit monitoring via a free trial |
| adverse affect on anyone's good credit rating. | | | | period. |
| Potential creditors look for certain blemishes when | | | | The are more advantages to staying on top of your |
| evaluating credit worthiness. The most damaging | | | | credit profile and scores than just monitoring for your |
| negative items are the ones that are most recent. | | | | negative items. There may also be other issues such |
| Anyone can go through a tough moment in their life, | | | | as identity theft that can be stopped beforehand if you |
| but unfortunately many creditors will not lend to | | | | follow all activities on your credit report. Definite red |
| someone while they are going through those moments. | | | | flags such as unknown addresses, rising credit card |
| It is better to have missed a payment 2 years ago | | | | balances, and several new inquiries may also become |
| then two weeks ago. | | | | transparent. |
| The only way to really know what is reported on your | | | | Although one miss payment on your credit report may |
| credit file is to constantly keep track of your credit | | | | not totally destroy your credit rating, it is important to |
| reports and score. Many times a company may not | | | | try your best not to make this a habit. One small |
| report a late payment if the consumer has a good | | | | blemish may be forgiven by a creditor, but several can |
| history of paying on time. Whether a late payment | | | | begin to show a pattern of behavior. If you are serious |
| was made or not, it is still a good idea to check your | | | | of monitoring your credit report, then you should not |
| credit regularly. There are often times when the credit | | | | guess about what is on your 3 credit bureaus, you |
| bureaus may also make a mistake and report | | | | should make it a habit to check your status on a |
| something that is incorrect. | | | | regular basis. |
| Free credit scores and reports are very easy to | | | | |