Not checking your credit report can have dire consequences. Never neglect your credit report.
Your credit report is one of the most vital aspects to successfully obtaining finance or credit.
Common sense tells us we should make sure our credit history is in tact prior to submitting a finance application, right?
However we tend to think it will all be okay and just go ahead and submit an application in the excitement of the moment.
Applying for finance can make us think differently. Our emotions change.
This can lead to you to an unintentional decision where you neglect your credit report.
It is critical that your credit report is intact before you submit any finance applications.
If you don’t it could literally cost you thousands of dollars in interest with a mortgage where you are forced to accept finance from a second tier lender.
Never neglect your credit report. Gather the courage to check first and be prepared. Better that you find out if any adverse entries exist rather than have a lender tell you when they decline your finance request.
Especially people who are certain that they have a good credit report get the biggest surprises. Mistakes can be made on your credit report, meaning its not your fault and the entry could be incorrect. But a lender will make you go away and clear that up first.
There are many articles with classic examples of this on the internet.
Don’t neglect your credit report by sticking your head in the sand. This could lead to ultimate disappointment. Check your file sooner rather than later.