If an apple a day can keep the doctor away, can a review of your consumer report keep the identity thieves away?
Take the offensive against identity theft and other fraud by viewing your consumer report at least once per year. Visiting www.annualcreditreport.com will allow you one free credit report under the FACT Act. To review your report more often, visit www.TrueCredit.com from TransUnion, one of the three major reporting agencies.
There are three consumer reporting agencies that keep tabs on you. Using a 3-in-1 consumer report will help you to see items that have shown up at any of the reporting agencies.
Finding out what your credit score is can be a valuable tool before applying for a major loan such as an auto or home loan. Most financial institutions, including MCU, will use your credit score as part of the equation when deciding whether or not to grant you credit or new accounts, and what rate you will be charged.
Some general good credit guidelines that will keep your credit score up and will also help protect you against identity theft and fraud:
- Close all old unused lines of credit
- Consolidate your active lines down to one or two cards
- Don’t apply for loans or credit unless you intend to use it frequently
- Beware the “apply today and save” sales pitch – usually you will pay more over time.
If you have additional questions about consumer reports or identity theft, please contact MCU at 847-342-9300, ext. 2.
