The federal government grants us the right to have an annual credit report from all three major reporting companies: Equifax, Experian, and TransUnion. With the COVID-19 pandemic causing so much turmoil in our lives, these annual reports will now be made available on a weekly basis until April 2021.
Why do I need to check my credit?
These reports are important to keep tabs on your identity. To keep track of your credit score and find out if someone has stolen your information and is wreaking havoc on your credit, you normally need to request a credit report every year. Since coronavirus is leaving many Americans in financial instability, the fact that we can now request weekly reports is important so we can now maintain constant surveillance in case of any abrupt changes and take quick action as soon as any red flags arise.
Without good credit, you may not be able to achieve your financial goals, like buying a house. Eagles Mortgage Company, Inc. can help you buy a house one day, but keeping your credit in good health is an important part of preparing for financial success.
Contact us for more information on the benefits of good credit, or if you need help with your mortgage options.