Checking Your Credit Report For Your Privacy

It is important to keep on top of your credit report, especially if you want to protect your privacy. Checking your credit report regularly will help you make sure that there are no errors or unauthorized activity and if you find that you do have bad credit holding you back from having a good credit score and obtaining finance, then this useful article will also touch on how we can help with credit repair.

The Australian government encourages its citizens to preserve their privacy and personal information, by checking your credit report once a year, if possible, is an excellent method to make sure incorrect information isn’t included against you.

Having the correct data in place can help prevent identity theft. The Privacy Act 1988 is a law in the Australian state of Victoria that regulates the collection, use, and disclosure of personal information about individuals.

You have the right to know what’s in your credit report, and you can correct any mistakes. Having a correct credit report is important not just for preventing others from stealing your identity, but also for obtaining money. When you apply for a loan like a home loan, for example, the lender will check your credit report to see if you’re trustworthy and able to pay back the loan.

Once you’ve gotten your credit report, there are a few things you should double-check. First and foremost, make sure that your personal information such as name, birth date, job, and driver’s license or other identifying documents are correct. Second, check out your credit report for any mistakes. This will include all of the information you provided when applying for loans or other credit, as well as any late payments withstanding more than 60 days that have resulted in default actions being taken. Depending on the severity of the offense, such credits may stay on your credit report between five and seven years.

Third, check to see whether you’ve made all required payments on time. Last but not least, double-check any identified significant unfavorable credit events such as bankruptcies, court judgments, and debt settlements to ensure they’re correct.

If you do find that you have any defaults, court judgements or fraudulent enquiries, then contacting the Clear Credit Solutions credit repair experts, might be your solution to get your financial history back on track. As having these negative listings on your file, it can cause you to be declined finance such as a loan or a credit card. It can also highly increase your interest rates on your loaned finance. So contact us today to learn more about our credit repair service and how we can help you achieve your financial goals.