Adapted from Credit Aware powered by SavvyMoney

You may have heard that your credit history can play a HUGE role in gaining access to credit, loans, etc. And it’s true! Your name, address, and other identifying information is listed in a credit report, as well as your debts/some bills (think credit cards too), public record information, and your applications for new credit.

You’ll want to monitor your credit history and regularly check your credit report to help protect you from identity theft and suspicious/fraudulent activity that may take place.

Did you know? 1 out of 3 credit reports have errors and more than one-third of consumers have found at least one error on their credit report.

Errors on credit reports are not uncommon, so staying up to date and reviewing your credit report is a must! Why? Mistakes on your credit report can impact your score and lending power. Some of the common errors found on credit reports are:

• Personal Information Errors – wrong name, address, etc.
• Account Errors – credit accounts that consumers don’t recognize as being theirs

But don’t panic. You are the best person to identify these errors. Double check your name, address, accounts opened, and that all other information is up to date.

CREDIT TIP: If you find errors on your credit reports, file a dispute, keep records, and follow up.

Did you know?  You can check your credit score and report 24/7 with Credit Aware powered by SavvyMoney. The best part? It’s built right into FGB’s Online banking platform. Click here for more information and to sign up today.

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Click here for tips to help build your credit and for more on Borrowing Basics, click here.