Why You Need To Review Your Credit Score and How To Do It for Free

Photo courtesy of crediverso.com BELatina, latinx
Photo courtesy of crediverso.com

BECrediverso has one goal — to provide free financial advice to the Latinx community. Stay tuned for more tips and advice!

First, it is important that you do not confuse the credit report with a blacklist of defaulters. The reality is that a credit score is a faithful mirror of the decisions you make when you acquire debt.

Here are 3 important reasons to review your report periodically:

1. Protect yourself against identity theft

Remember, if you observe an unusual transaction that you cannot identify, you have to take immediate action by notifying your bank and asking to freeze your accounts. If not, a possible usurper could manage to steal your identity, make you lose money, and affect your financial reputation

2. Check for potential errors in your report

Not even credit bureaus are perfect, and the information has to be double-checked in order to avoid mistakes. Being attentive to your report will make it possible to identify potential inconsistencies on it. In this case, try to clarify the problem with your lender in a timely manner. Make sure that the information is always accurate and as up-to-date as possible. This will save you time and money!

3. Know who is requesting your credit history

Not only financial institutions review your credit score. Also, governments, companies, and individuals who want to work or do business with you; review your credit score as a step to start a conversation. By monitoring your activity, you will know exactly how many inquiries have been made and who has requested them.

How do I get my free credit report?

Very simple, go to Crediverso and click on free credit score or go directly to the link by clicking here. Remember that Equifax, Transunion, and Experian are the most reliable credit bureaus to see your credit score without affecting it.