By now, may alam ka na siguro sa credit standing mo. Pero necessary ba to check your credit report a few times every year?
Mapagkakatiwalaan ang credit report lalong-lalo na kung pinagtataka mo bakit ka na-re-reject sa mga credit card at loan applications, kahit naman may magandang trabaho ka, nagbabayad ka ng tax, at never ka pa nag-default sa mga pinagkakautangan mo. Pero kung sasabihin natin nakapag-check ka na for this year ng kahit isang beses, when should you do it again?
Keeping tabs on your credit score and report is like giving your financial health a regular check-up. It is important to check your credit report regularly for several reasons:
Stay on top of your finances.
Your credit report shows you how well you’re managing your credit and where you might need to improve. Tandaan mo, your credit report is the snapshot of your financial health, so makikita mo diyan yung mga existing and past credit accounts mo, pati na rin yung mga total credit balances mo.
Mistakes on your credit report can negatively impact your score. Pero buti na lang, accessible na sa’yo ang credit report mo para makita at maayos mo agad ang mga errors and misinformation bago pa maapektuhan ng tuluyan ang credit score mo.
Detect identity theft.
Monitoring your report helps you spot unusual activity that could indicate identity theft. Mag-check ka rin ng mga online banking and shopping apps mo kung may suspicious activity in case ‘di pa ‘to nakakarating sa mga credit bureaus.
Prepare for big purchases.
Kung interesado kang mag-loan ng sasakyan o bahay, it really helps to check your credit report first para malaman mo kung afford mo ba o hindi. Knowing your credit report helps you understand what loans and interest rates you might qualify for, so you’re not caught off guard.
Regular reviews show the impact of your credit habits over time, helping you stay on track. Mas lalo ka pa mai-inspire ayusin ang finances mo para ma-maintain mo ang credit standing mo.
Stay informed.
Being proactive keeps you informed about your financial health and helps you make smarter decisions. Maganda ito for your habit-forming lalo na kung nagsisimula ka na ayusin ang finances mo for good.
In short, making credit checks a regular habit keeps your financial life running smoothly and prevents financial emergencies. Your future self will thank you!
Di ko Po ma check credit limit