In the last post, we discussed the importance of getting a free credit report every year to stay in touch with what is happening on our credit report and how the financial decisions that we are making are impacting our overall creditworthiness. The three credit bureaus that hold our credit report – Experian, Equifax, and TransUnion – offer consumers a free credit report once within every twelve month period which we can order online through www.annualcreditreport.com. By making sure that we check in with our credit report throughout the year we are ensuring that we take the proper steps to improve our credit score as well as watch out for any potentially damaging credit theft.

This time of year, in particular, is especially important when it comes to taking stock of our free credit reports. This is because we are in the final stretch before the Fall months and the holidays are, essentially, right around the corner. With all the money that we spend around the holiday months it makes sense that we would want to make sure our credit report is in good standing far in advance of those crazy weeks.

To this end, a free credit report today can:

* Tell us our current credit score so that we know what kind of purchasing power we have.
* Alert us to any possible identity theft as any strange activity may give us cause for further investigation.
* Let us know how some of our most recent financial decisions have impacted our overall credit report.
* Show us the progress in improving our credit score and credit report if we are currently taking steps towards credit repair.

The Fall months, and the holidays in particular, can be crazy times. Don’t wait until the last minute to discover that you have problems with your credit. Take the time now to get a free credit report and be on your way to a more sound financial standing.

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