Mortgage - Credit Tips

It's important for you to check your credit reports for any inaccuracies. You may find that your report shows that you still owe money on a loan that you have already paid off. Or, you may find an open credit account that you didn't authorize. Errors like these can affect your overall credit score (which can affect the rates and fees you quality for when you borrow), so you need to make sure your reports are correct.

Even if you don't think you will need a new loan in the near future your credit report and its accuracy is still important. Some utility companies may check credit reports prior to hooking up services. Landlords might check your credit report to see if they should rent to you.

They can help you investigate the errors and correct any inaccuracies. It's a good idea to request your credit report every year to ensure all your credit is reported correctly.