Continued from Part 1 of 10 Reasons To Check Your Credit Report…

7. You can make sure that no lender has misinterpreted a request for information as a full application. Multiple applications in a short period of time can make other lenders worry that you’re desperate for money or even fear that a fraud is being planned.

8. You can check your own credit report as often as you like without having any damaging effect on your credit rating. Lenders don’t see the record of your own checks on your credit report – these visits are only visible to you and the credit reference agency that stores your report, so they cannot have an impact on your credit score, either positive or negative.

9. If you spot any clerical errors or misunderstandings, you can get them corrected by contacting the relevant lender. You can also add a note of explanation if circumstances explain a past credit problem – for example, you might have missed a few repayments because of an illness. Be prepared to provide proof.

10. Regular checks on your credit report are recommended by the Home Office as an effective method of protecting yourself from ID fraud. You can spot any unfamiliar or suspicious applications or accounts and alert lenders and the authorities.

11. To find out what your credit report says about you, you can check your Experian credit report online with a free trial of CreditExpert, the UK’s leading credit monitoring and identity fraud protection service

Contributing author Mark Aucamp has been providing Talk Money Blog with regular Money Saving Advice credit card debts legally! Article Source:http://www.articlesbase.com/finance-articles/10-reasons-why-you-should-check-your-credit-report-864906.html advice and comments. Mark has extensive experience in providing Debt Management, Quick Mortgage Advice and solutions. He is recognised as an authority in the field of debt management and mortgage advice.