Do I need another credit report?

Posted by Joe on January 12th, 2009

The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.

Q: I ran my credit and scores in October 2008.  Do I need to run another one now. I am fixing to apply for a mortgage, I have been pre-approved through one lender, but I have my doubts about him.

A: We recommend checking your credit report and score at least once per quarter and potentially more frequently if you are shopping for a loan since new information is constantly being reported to the three major credit bureaus (Experian, Equifax and TransUnion).  Keeping on top of the information in your credit report can literally save you hundreds or even thousands of dollars on a loan.

The easiest way to stay on top of your credit file is to sign up for a credit report monitoring service that will alert you to any changes in your credit report.  Our top rated credit report monitoring service, Identity Guard, gives you free credit reports and scores from all three bureaus when you sign up for a thirty day free trial of credit monitoring plus quarterly reports and scores from all three bureaus thereafter.