Financial literacy month is a time designed for consumers to focus on their financial behaviors and remedy financially crippling circumstances. Federal Trade Commission advises consumers to check credit reports whenever possible with the following plan in mind:
Order your free credit report. Go to AnnualCreditReport.com or call 877-322-8228. Until the end of the pandemic, everyone in the U.S. can get a free credit report each week from all three national credit bureaus (Equifax, Experian, and TransUnion).
Read the reports carefully. Do you recognize the accounts? Do they list credit applications? Did you apply for credit at those places?
Spot mistakes. Fix anything that looks wrong (read more about how). But if it looks like someone else is using your credit, go to IdentityTheft.gov to report it and get a recovery plan.
Spot a credit repair scam. If a credit repair company asks for money up front, or tells you not to contact the credit bureaus yourself, that’s probably a scammer.
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