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Five Reasons to Check Your Credit Report Regularly
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Ideally, your credit report is an accurate, up-to-date reflection of your credit history. However, since we don't live in an ideal world, there are many reasons that your credit report could contain inaccuracies that might prevent you from receiving the credit you deserve.

Five Reasons to Check Your Credit Report Regularly
Inaccuracies & Mixed Credit Files
Tracking Payments
Identity Theft
Credit Fraud (Unauthorized Charges)

Five Reasons to Check Your Credit Report Regularly
Here are the top reasons why you should make a practice of regularly reviewing your credit report:
1) Inaccuracies & Mixed Credit Files           (back to top)
Many inaccuracies on a credit report can be the result of simple human error, and are therefore are not difficult to dispute. Of course, if you don't order your credit report, you might never know about it. Whether the inaccuracies relate to payments not credited, late payments, or data mixed in from the credit file of someone else with a name similar to yours. The good news is you can take action to keep your report accurate. You will want to contact the credit bureau to dispute inaccurate information promptly.


2) Tracking Payments           (back to top)
One of the most important elements of credit is a demonstrated history of on time payments. Once you send the check though, anything can happen--a delay in the payment being received can kick you over to a 30-day delinquency. If you call your creditor and explain the situation, they might adjust the information. Of course, if you don't read your credit report, you won't necessarily know which payments are being received and reported properly. 
3) Identity Theft           (back to top)
This issue alone is reason to order your credit report immediately. Identity theft is an insidious crime, involving a thief who assumes your name to open new accounts, divert your card statements to another address, and run up all sorts of bad debt without you ever knowing about it until collectors come calling. Over time, identity theft could jeopardize your ability to obtain further credit. The best way to catch a thief who is using your name is by getting a copy of your credit report, which will show you if there are accounts listed you know you haven't opened. For example, if a thief has intercepted a pre-approved credit card offer in your name and sent it in with a change of address, your credit report will include the account. 

Resource: Federal Trade Commission Identity Theft Center at:

4) Inquiries           (back to top)
If you're shopping around for a loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted as a negative by creditors. For this reason, too many inquiries can actually make getting credit more difficult. Moreover, if you didn't authorize someone to look at your credit report and they did, they may have broken the law. If you would like to see who's been looking at your credit you can get a free credit report.
5) Credit Fraud--Unauthorized Charges           (back to top)
Credit fraud involves the theft of your credit card or account number to make unauthorized charges to your account. Though consumers are protected financially from this abuse, other creditors may take note of all this activity and decide to raise your interest rates or refuse to grant you a loan. Ordering your credit report will help you catch new activity on accounts that you haven't been using, or may have closed. 

Lexington Law Firm: Lexington is the largest and most trusted credit report repair firm in America. We offer exceptional service at a very affordable price. In over 15 years of practice, Lexington Law has helped more than 300,000 clients clean up their credit reports.

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