Have You Checked Your Credit Report Recently?

by SodaHead Living Posted 2013/02/18 06:02:34

Related Topics: Credit Report, Free, Credit Score, Loans, Insurance Premiums, Errors

401 votes
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	Yes	137 votes	34%
	No	264 votes	66%

If you haven’t, you’re certainly not alone. According to the Consumer Financial Protection Bureau, less than 20% of consumers check their credit reports each year. And this can cause major problems.

A recent study by the Federal Trade Commission found that 5% of consumers had errors on one of their three major credit reports. Considering that so many financial decisions ride on credit scores—such as whether or not to grant credit, hire someone, rent to someone, and how much to set for insurance premiums—it’s important to make sure that your credit scores are accurate.

According to federal law, you are entitled to one free copy of your credit report every twelve months from each of three national credit bureaus (Experian, Equifax, and TransUnion). To get your free credit report you can visit www.annualcreditreport.com or call toll-free 1-877-322-8228.

+13

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robert.goldsmith.14 2013/02/18 12:20:19 (edited)

Yes

+8
And it saved my ass from a scam. A 'collection agency' named Convergence made the claim that they were collecting $1300 on behalf of a Citi Bank, claiming that I had a delinquent account and would settle for a mere $400. I went to my credit report and verified that I had never held a Citi bank account before in my life. I went to the police, filed a report and haven't heard back from those scammers since.
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More polls by SodaHead Living

Miranda 2013/02/26 16:59:50

Yes

Only because we just bought a car and the bank sent it to us in our paperwork

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nicesteve 2013/02/24 01:34:39

No

I'm too nervous about what I'll find out, and what it's going to cost me in
money, time, and effort, in order to straighten things out. Looks like I'm
going to be in a rusty trailer, clunker rides, rags, and getto meals for a
long time, unless I'm fortunate enough to win the jackpot in Super Lotto,
Mega Millions, or Powerball, or hit it big in Vegas.

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Dave 007 2013/02/23 15:32:30

No

No reason too, yet.

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PM 2013/02/22 16:32:03

Yes

I check mine quite frequently and my monitoring service allows me a free 3-bureau report every 3 months.

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t.eliot, topbard 2013/02/22 16:22:52

Yes

Yep. 800+.

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Ian 2013/02/22 01:46:52

No

I only have one credit card and pay it off every month. No issues...

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firozali a mulla 2013/02/21 20:43:12

No

TOO SCARED TO SLEEP AFTER WATCHING THIS I thank you FirozaliA.Mulla DBA

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Chin-Lee Chan 2013/02/21 18:50:23

No

I agree that I should make sure that my credit scores are accurate. Thanks.

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AndyThrsh 2013/02/21 04:06:52

No

Why would I ? It is just some asinine numbering system of the beast or at least I liken to be as so - that has no merit on whom the person truely is about anyway. It's just a big giant scam and farce of enslavement to the debt bank corrupt system that is beyond a dull need of a complete reset but won't occur.

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Ramón 2013/02/21 03:40:54

Yes

I checked my history religiously for a few years AFTER my ex-wife (who was my wife at the time) dropped over 21 thousand on credit cards and used my cards and hers, and our mortgage to do so. The Bee Itch is gone! Never so glad. Now years later my credit is great, though last I heard hers is still in the toilet. Where she deserves to be.

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PM to Ramón 2013/02/25 12:52:36

+1
Ha, ha, ha... Good for you. Some people never learn. She was dragging her self down and you with her, now she has nobody to drag down but herself.

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Ramón to PM 2013/06/11 00:00:38

Well, she found a man to marry her. She apparently has not changed because they lost his house and would have been on the street, but her father (a good, decent and kind man) bought a condo for them. In fact, he was living with his children in that house and she kicked them to the curb when they married.

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James 2013/02/21 03:27:53

Yes

I check it yearly.

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Dave McLeod 2013/02/21 00:47:40

No

DEFINE RECENTLY

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rickky-tickky-tick-tock 2013/02/21 00:45:04

Yes

Yes. Checked my last week. It's 780. Not too shabby really.

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RedRiverrandall 2013/02/21 00:36:27

Yes

I am in the banking industry and I can say that in this world u are powerless without credit. Is it a scam or racket? Hell yea. But it is the only thing we really produce in this country ... Debt and credit. America was founded on the principals of debt and credit ... You can't escape it even if you are independently wealthy. Your American currency is nothing but debt. We borrow our dollars from the fed. So if you don't like debt you better start trading furs and homespun for eggs n milk because every 1 of your dollars represents you being in debt to a European bank. Holla back if is heard me. M keep a check in that credit just like you would your bank balance because your credit can and will work for you especially if you are starting your own business.

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cranejumper 2013/02/21 00:15:03

Yes

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RJeffreySavlov 2013/02/20 23:07:15

Yes

Done regularly. It is the most important thing that you have.

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Carmen 2013/02/20 22:45:07

Yes

I check it yearly

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QC 2013/02/20 17:07:17 (edited)

No

Of course there are errors on your credit report. They want you to pay to check it more often....

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Glen McLeod 2013/02/20 16:42:35

No

+1
last time i checked it was over 2 years ago..

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♥Nicole Nataliah♥ 2013/02/20 16:06:13

Yes

I am at the 700 range

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wtxwoman 2013/02/20 15:51:33

No

I haven't had any credit since 1995 and don't want it. I guess I should check the reports to see if someone else is using mine. I don't know how they could, but I've heard of it being done.

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mike j 2013/02/20 15:14:26

No

NO,NO and H/NO , dont do it , and especially on a computer , a good way to get hacked and you never know for sure if the link is legit or not until it is too late. If you need the number go in to your bank and ask customer service. But never click on one of the internet online credit score links , you are playing with your whole life.

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hatter 2013/02/20 14:57:59 (edited)

No

IRS has a ridiculously inflated lien. Credit is shot. No use to check unless I deal with the liars (lawyers)

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harley oldman 2013/02/20 14:49:19

Yes

YEP.....I can always use a good laugh every once in a while.....!

reply
the fuze 2013/02/20 12:01:53

No

It's a B.S. system.

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C. C. Rider 2013/02/20 11:51:32

No

+1
No, I save being jolted awake to coffee.

reply
1philb 2013/02/20 05:50:05 (edited)

Yes

There are several services that keep track of your credit score, inquiries, new accounts and etc. The service will also provide your three free credit reports annually. As a small businessowner, this service is almost a necessity. Cost is from $9 to $19 per month and it can be a business expense.

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jeepster4 2013/02/20 04:38:18

Yes

I check every few years with annualcreditreport,com. It so happens that I pulled credit reports this year and paid one for a current score (you get a free credit report, but pay extra for a score)....still at 804.

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I NEED A HORSE 2013/02/20 03:58:10
vinone 2013/02/20 03:56:18

No

I've heard that if you check it too often it's tracked and can actually go against it. I don't know if this is true, but I really don't have any reason to check right now, so if I need to I'll call my bank.

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PM to vinone 2013/02/20 19:06:09

That's not true. Reports generated by the indivdual don't count against your score as a hard inquiry. A hard inquiry (which may lower your score by a few points) is created when a creditor does a credit check in an effort to extend you credit such as in an application for credit for a loan. Personal inquires are called soft inquiries and are generated when you check your own score or when a creditor checks in an attempt to offer you credit such as in pre-approval letters (not the same as a pre-approval for a mortgage loan which is an actual hard inquiry). To put it shortly, whenever you get a "you are pre-approved for a visa or mastercard" letter they've done a soft inquiry. Whenever you fill out an application (or apply by giving permission) to actually get a credit card or loan they do a hard inquiry.

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vinone to PM 2013/02/21 04:21:02

Well thank you for informing me of that, I always have actually wondered.

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PM to vinone 2013/02/22 13:29:36

You're quite welcome!

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Bob 2013/02/20 03:32:09

No

I'm afraid too. :-(

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Oliver Presley 2013/02/20 03:30:54

Yes

I keep a very close track of my credit report.

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~writersblock~ 2013/02/20 01:50:30

Yes

Yes. I am about to buy a home.
Let's just say I have excellent credit.

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Chris 2013/02/20 00:36:52

No

I really don't care.

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001 2013/02/19 20:47:51

No

Don't have a creditcard, don't want one. If I need it for some reason I use my mum's and pay her immediately. I don't want to be in debt.

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