Saturday, January 29, 2011

Credit Maintenance

You maintain your car and home, but have you ever maintained your credit? We all know how negatively having a low credit score can affect our financial lives. Let us be good stewards of our finances by keeping our credit squeaky clean.

There are three credit report companies: Equifax, Experian and Transunion. Each of these companies are required by law to provide you with one free credit report a year. This means that you can get a free copy of your credit report every four months.

Right now, before I go any further write these names on your calendar as a reminder: January - Equifax, May - Experian, September - Transunion. When you see these names on your calendar run your credit report through the listed company.

Once you have your credit report in front of you check it with a fine toothed comb. Is every bit of information correct? If not, immediately call the credit reporting company and tell them that you want to contest the incorrect information on your credit report.

We have found incorrect information on our credit report several times and have found it easy to correct. Keeping your credit clean is very frugal.

God bless,

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