Why Is It Important to Check Your Credit Report?
Checking your credit report regularly is crucial for building and maintaining a solid credit history. Here are some of the reasons why:

    1. Stay Proactive Against Fraud
      Checking your credit file can help you spot potential identity theft or fraud early. If you see an address that’s unfamiliar, credit accounts you didn’t apply for or activity on credit cards you have not used recently, a credit report can give you a heads-up. Much like a medical checkup, finding a problem early can keep it from growing worse.
    2. Spot and Dispute Errors
      Credit reporting is a complex process, and not all errors suggest fraud. A payment that was mistakenly reported late by a lender, for instance, can badly damage your credit. If you find inaccurate information on your credit reports, you have the right to file a dispute with the lender or the credit bureau on whose report the late payment appears.
    3. Make Sure Payments Are Being Reported as Agreed
      Especially when you are building credit, it’s important to make sure your on-time payments are being reported. If you get a credit-builder loan, for example, you’ll want one that reports to all three major credit bureaus. Check your credit report to be sure that’s happening.
    4. Take Action to Improve Your Credit
      Your credit score is based entirely on the information in your credit report, so reviewing your report to see where you may be able to reduce debt and ensure information is current and correct can go a long way toward helping you build and maintain a pristine credit profile.

Improving your credit is particularly important if you plan to take out a loan, get a new credit card, rent an apartment or sign up for a new utility account.
Sign up for My Credit Manager inside online banking today to get full access to your report, score and more!