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When was the last time you actually looked at your credit report?

When was the last time you actually looked at your credit report? You may be saying to yourself, I’m not applying for any loans or a mortgage, all of my bills are current, or, I have no debt, so I shouldn’t have to worry about it. Wrong Answer!

In the electronic age, more and more cases of identity theft are happening,  If you have no credit, bad credit or great credit –  get copies of your credit reports, from all three reporting agencies (Experian, Equifax and Transunion) annually. You can go to www.annualcreditreport.com to apply for your free reports. You can obtain all three at the same time, or stagger your requests. This will arm you with the knowledge about what is being reported about you and add a level of protection.

All the reporting agencies provide you with an explanation on how to read your credit report. Go over everything carefully and if something is incorrect notify the reporting agency immediately.  Many disputes and inaccuracies can be reported online, as they have templates set up for reasons for the error. You can also write a letter and send in documentation, proving the inaccuracies.

If you do not have the best of credit, and want to fix it, be careful about using credit repair companies. Some of them do not do what they are supposed to do and make promises which may be untrue. Be sure to do your homework researching those companies. Even if they are nonprofit – doesn’t mean they do it correctly.

You can do it on your own. Here are some links to assist with correcting or repairing your credit.


Fixing and/or repairing your credit can be daunting and time consuming. You will need lots of patience, but you won’t need lots of money to do so!

Cheryl Lynch is a certified consultant at the SBDC office in Putnam County. She has been the owner of several small businesses and has expertise in start-up ventures, financial and operational systems, human resources, marketing, mergers and acquisitions, sales, strategic planning, training and tactical execution.  Cheryl holds a CAM license and has a Bachelor’s Degree in Finance.  Most recently she completed the requirements to become a Certified Global Business Professional.
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