Nobody Likes The Bad Surprise

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And that is exactly what you might get if you fail to check your credit report before you apply for a loan for a major purchase, such as a car, or a house.

The best scenario is to check your report early, the earlier the better if you are planning to make a big purchase.

If there are mistakes on your report, and odds are that there is since more than 70% of all credit reports contain errors, you can dispute them to get them removed.

But it will take time. The credit bureaus have at least 30 days after receipt of your dispute, in which to investigate your claims. If they cannot verify the accuracy of their reporting they must delete the information from your account.

But it takes time, at least 30 days, and another thing to keep in mind is that a dispute doesn?t always work the first time, you may have to be persistent.

So the moral of the story is to know what exactly is on your report.

You can get a free report, no strings attached, one time each year from annualcreditreport.com