Check Your Credit Report…Often

The latest security breaches to government websites due to the heartbleed bug, should be good reminder for you to be checking your credit score. But it shouldn’t take a major vulnerability to keep you on top of your report, you really should be checking it often.

Keeping on top of your report, will let you know if your information has been breached, and fraudsters can do a lot of damage with your personal information. Knowing what’s going on at all times will save you money and prevent a lot of headaches.

This is also a useful practice when you’re looking to get your score to a specific point in order to get a mortgage, or other financial venture. There’s many ways you can go about doing this as well:

• To simply get your report for free, you can do so either in person or via mail
• Equifax Canada has a great service for $19.95 a month that will allow you unlimited access online, and updates via email. Or for a one-time fee of $9.95 you can have a peek at it as well

There’s another good reason to stay on top of your credit — namely that you are in good standing when you really need it for things like a loan or mortgage. An unpaid bill or a compromised account can scuttle a home purchase. If that bill goes to collection, unbeknownst to you, your credit rating will have taken a hit. – National Post

If you have any questions about how to obtain a credit report or tips for staying on top of your credit, please feel free to contact me anytime. Further, you can also reach me via Twitter.

Tags : calgary credit, calgary credit report, calgary mortgage, calgary mortgage broker, calgary mortgage fraud