subject: How Often To Check Your Credit Score [print this page] Here at CreditNowUSA.com, we understand the importance of a credit rating when looking for new loans and financing options. The problem is that many men and women are not sure how often it is appropriate or necessary to check on credit scores to protect against fraud, identity theft or even simple mistakes.
Once a Year:
As a general rule, it is best to run a credit history report and credit score at least once a year as a part of personal financial maintenance and checking for problems that might occur. Though the general situation requires looking at the information at least once a year, particular instances will also require running a check.
The reason that it is important to run an annual credit score and history report is the fact that identity theft, fraud and similar problems might occur. By looking at the data regularly, it is easier to spot the problems before it becomes serious and start an inquiry into the situation. Fraud and identity theft is a problem that requires immediate action. That might mean freezing an account or putting a hold on all credit information.
The once a year rule for checking a credit score will help ensure that the worst problems are not occurring. It will also keep data up-to-date.
Other Checks:
Beyond running the credit score annually, it is also important to look up the information before applying for any loans, credit cards or similar financial options. By running the scores and looking over the credit history, it is possible to determine if mistakes have occurred or apply for the appropriate type of loan based on the financial data.
Checking the credit score before taking out any financial obligation will help obtain the best rates. Without knowing the score, it is possible to apply for inappropriate loan solutions.
A credit score is an important figure for any individual who is planning to obtain new loans, credit cards or other financial obligations. Checking the data regularly is an important part of protecting personal finances and preventing the worst potential problems from occurring.
For more information, go to Credit Score at http://www.creditnowusa.com/Credit-Score
