Keeping one’s personal finances in order is prudent for many reasons. Here are some helpful tips to financial security and protecting your credit.
· You are entitled to a free credit report once every 12 months from each of the 3 nationwide consumer credit reporting companies – Experian, Equifax, and TransUnion. It is recommended you check your credit report at least once a year, as this information is used by banks, employers, landlords, and others to determine your credit worthiness.
· Protect personal information by shredding cancelled checks, bills, statements, or other financial papers, and put strong passwords in place for credit card, bank, and phone accounts. Keeping your information private avoids your exposure to identity theft and fraud.
· Creating financial security can be done in a number of ways. Set financial goals that allow you to save for important items, build an emergency fund for life’s unexpected moments, and work on eliminating credit card debt.
By following these tips, you can set yourself up for financial stability and put yourself in an overall healthier financial situation.