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BBB Offers Advice for Credit Education Month

Better Business Bureau is offering credit report advice in honor of Credit Education Month.
MIDLAND -- Shopping for a car or home? Applying for a job? Maybe you’re just getting your finances in order. A credit report can be an important part of making major buying decisions. Better Business Bureau is offering credit report advice in honor of Credit Education Month.

Businesses use your credit report to evaluate your application if you apply for a loan or a job. A credit report contains important information that can affect whether you can get a loan and how much you will have to pay in order to borrow money. To pull your free credit report, visit AnnualCreditReport.com. It is the only authorized website for free credit reports.

The importance of pulling your credit report is to ensure the information being reported is accurate, complete and up-to-date. When looking at your credit report, look for these red flags of identity theft:

1) Any inquiries not initiated by you;

2) Any debts reported that are not yours; or

3) Contact information such as your address, that was changed without your approval

When pulling your annual credit report BBB advises:

Be wary of unsolicited emails and pop-ups. AnnualCreditReport.com does not approach consumers via email, telemarketing or direct mail solicitations. Instead, go directly to AnnualCreditReport.com to request your free report.

Pull your child’s credit report. As child identity theft remains a national problem, it can be just as imperative to pull your child’s report as it is to pull your own. While the credit reporting agencies do not knowingly maintain credit files on minor children, you can contact the credit reporting agencies directly to see what information, if any, they have about your child.

Dispute inaccuracies. If you find inaccurate information on your credit report immediately contact the reporting agency you pulled the report from and file a dispute. Inaccurate, derogatory information can lower your credit score, and in some cases, may indicate fraudulent activity.
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