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The following is a guest post. Enjoy!
The Importance of Keeping Track of Your Credit Report/Score
The Threat of Identity Theft
How about you all? How often do you check your credit report and/or score? What service do you use to check it? Do you have to pay a fee, or do you view it for free?
Are you actively doing anything now to protect yourself from identity theft?
Share your experiences by commenting below!
Jacob’s Thoughts – Listed below are my random thoughts as I was reading this article.
- Good post here. It’s always worthwhile to get a reminder every once in a while about remembering to check my credit report/score occasionally.
- Right now, I probably check my credit report less than I should (once a year is generally how often I check it). When I do check it, I do so for free using AnnualCreditReport.com. Unfortunately, you can only view your credit report (not score) for free once per year. So, if you want to check in more often, you have to find another paid service to help you. But, they are easy to find.
- I was also recently exposed to a service that claims to let you check your credit score for free – Credit Karma. However, one of my fellow blogging friends (Wealth Informatics) pointed out that the score reported on Credit Karma is not your actual FICO score, but rather something called the Transunion TransRisk score. The problem with using this credit score as your sole source of information is that not all lenders will use this score when assessing your ability to lend/repay money.
- Regarding identity theft, this is becoming more of a prevalent problem in today’s society.
- Previously on my site, I described a list of 4 things a person can do for very little money to help protect themselves from identity theft.
- Two free and effective things included on this list were placing a free fraud alert on your credit report every 3 months and to Opt out Pre-Screen from receiving as much junk mail (which contains your personal identifying information on it).
***Photo courtesy of Image: David Castillo Dominici / FreeDigitalPhotos.net