Tag Archives: Credit Reports

Hackers Target Credit Reports

By Janet Hutchins | Tagged with Credit Reports, featured

In the world of credit, it’s important to stay on top of your situation, and to watch for identity theft. Identity theft is a growing crime, since it’s the theft of information, and many people don’t realize that their information has even been stolen. And, of course, once someone has your identity, it’s fairly simple to get credit in your name.

And, while your identity can be stolen from information in many different accounts, some hackers are now going right to the source, and stealing entire credit reports from credit reporting agencies.

Building Good Credit: It Doesn’t Have to Mean Debt

One of the misconceptions that many people have is that building good credit means that you have to get into debt. However, this just isn’t true. It is possible to build a good credit history without selling your financial soul and paying interest. But if you want to do it quickly and thoroughly, you will need to use Canadian credit cards.

Why Bother About Building Credit?

It’s true that you need you to pay attention to the information in your credit report. Even if you aren’t borrowing right now, you need to keep tabs, since someone might have stolen your identity and could be getting credit via fraudulent means. But that doesn’t really answer the question of why it’s a good idea to bother with building a good credit history in the first place.

Why You Need to Pay Attention to Your Credit

By Janet Hutchins | Tagged with Credit Cards, Credit Reports, featured, Identity Theft

One of the most important things you can do for your personal finances is to pay attention to your credit. Indeed, your credit is becoming increasingly important to the way that financial service providers make decisions about you. Plus, keeping an eye on your credit might be even more important in the future — and it can help you keep tabs on your personal information and identify identity fraud. Make sure you check your credit report regularly; you can even get a free credit report by mail here in Canada, just for asking.

Could Your Credit Report be Hurting Job Prospects?

By Janet Hutchins | Tagged with Credit Reports, Money

Technically, the information in your credit report is only supposed to be used for determining what sort of credit risk you are. However, in real life, the information in your credit report is being used for all sorts of things. This is because your credit report is considered an indication of your fiscal responsibility — and even your level of responsibility in other areas of your life. Indeed, you might find that even your employer is interested in what’s in your credit report.

Photo Credit: bpsusf

Why Your Employer Might be Interested in Your Credit Report

There are a number of reasons that your potential employer might be interested in your credit report. Your credit report is a history of your financial habits, and it can also be an indicator of what the employer can expect from you. Here are some ways that your credit report might influence an employer: