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Last updated on Friday, January 2, 2015
(UNDATED) - People often pay for the Christmas gifts with credit cards for the sake of convenience, especially during the holiday season.
While it's important to pay the bill on time, it's also important to review the credit card statements for any unknown charges and compare receipt totals. If there is a dispute, be sure to contact the credit card company right away.
Along with checking statements, it's a good way start the New Year by knowing your credit is in good standing and your credit report is accurate.
According to AnnualcreditReport.com credit reports may affect your mortgage rates, credit card approvals, apartment requests, or even your job application. Reviewing credit reports helps you catch signs of identity theft early.
By checking into the information now, you might be protecting yourself from a hassle later.
BBB suggests accessing the only free annual credit reports under federal law through AnnualCreditReport.com. There are three nationwide credit reporting companies - Equifax, Experian and TransUnion. A credit report includes information on where you live, how you pay your bills, and whether you've been sued or have filed for bankruptcy.
A consumer can access each free credit report every 12 months or may choose to access one of the reports every four months, which allows you to review throughout the year.
Do not use any unfamiliar links to access these reports. Be sure to contact the appropriate credit report agency if any of the information is inaccurate.
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