Responsibility for our own finances is something that we, as adults, are required to adopt; without attention paid to our financial state of affairs, it can quickly get away from us and leave us in a bad situation. For those who have already struggled with finances and find themselves at a crossroads, the time may have arrived to finally take control of their situation and get back on solid financial footing. To this end, many consumers start with their credit card debt – the debt which seems to rack up most easily for most of us. Credit card debt can be like a weight around our ankles – dragging us down and eventually drowning us by our own hands if we are not careful.

The telltale sign of our financial health is our credit report; a credit history that is held by the three largest credit bureaus – Trans Union, Experian, and Equifax – on everyone that has ever had a line of credit. Far too many of us are unaware of what are credit report is saying about us and this ignorance is impacting how we are presented to potential lenders - including mortgage companies - as well as possible employers.

However, this oversight is easily rectified by ensuring that we periodically request a free credit report – a right that all consumers have at least once within every twelve month period. By requesting free credit reports, consumers are putting themselves back in the driver’s seat by ensuring that they are aware of how their financial situation looks on paper.

Just as important, a free credit report can alert consumers to any possible identity theft issues. A free credit report can give consumers a heads up when there is inaccurate information – giving them the opportunity to address the inaccuracies and preparing them to apply for loans with confidence.

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