(WTNH) – Whether it’s a car, house, or other major purchase for your home, having a good credit score is important to saving money on terms of a loan.
When was the last time you checked yours? We stretch your money with what the experts say you should be doing at least once a year.
Work at home and everything in between, life’s pretty busy, but if there’s one thing to add to your to-do list this year, it’s checking your credit score.
“It is not uncommon to find that there are irregularities or that there are certain things that are not correct and it is an opportunity to see if we can go out and correct some of these errors”, said Matthew Carbray.
Matthew Carbray of Ridgeline Financial Partners says to check your report even when you don’t have a big purchase coming up. This will give you a chance to correct mistakes, so it’s in order when you need it.
“Some credit institutions have reported you as a delinquent when you may not have been. It’s quite a process to dispute some of these items and it takes time and diligence, but there are opportunities to take these items off your credit, ”Carbray said.
Having a good credit score will allow you to get a better interest rate on future loans, which will save you money in the long run, and it’s not a bad idea to involve the whole family. . Start talking to your kids about credit while you check your own report.
Remember, it’s a myth that checking your credit report has a negative impact on it. We encourage you to consult it at least once a year.
When your kids start building credit, Carbray suggests having a way to track their activity so they don’t spend more than they can afford.