Personal Finance Buzz

Last week I did something I’ve never done before. I used Credit Karma to get a free credit score and report. That was the first time in my life that I’ve ever checked my credit report or even had an interest in checking it. Why? I’m becoming more and more convinced that your credit score matters.

Last week I helped a family member get a copy of their credit report and credit score. One thing they found confusing was just what the difference was between the two. Contrary to what many believe, a credit report and a credit score are not one and the same.

Here’s an interesting number: Almost 80% of credit reports have mistakes on them. Checking your credit report every year will help you make sure that your credit is mistake free. I use to not check my report because I just assumed that it would be...

Last year’s credit card legislation affected more than just credit cards, it also changed the way that credit reports will forever be advertised. Beginning April 1st, which was a few days ago, any business or enterprise advertising the availability of free credit reports must disclose the terms of the “free” credit report.

Everyone should check their credit reports on a regular basis — and not just those looking to borrow money. Here are 5 reasons that you should check your credit report.