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Posted on Mar 24, 2013 | 2 comments

Staying on Top of Your Credit

Staying on Top of Your Credit

At the beginning of every new year, I check my credit reports. To start staying on top of your credit, it’s really important to make sure you take advantage of your free annual credit reports and check it every year. 4 out of 5 credit reports have mistakes on them. That means that more likely than not, you will have an error on your report.

Errors on Credit Reports

I’ve found many errors on mine. From incorrect addresses to incorrectly reported debt and everything in between. Once you find those mistakes report them to each credit bureau to have them corrected. This is very easy to do on-line while you are checking you free annual report. Keep checking and keep reporting until your credit report has been updated. Sometimes, this can take a couple months. Other times, even longer. The key is to remain persistent.

The biggest error I found recently was a loan listed twice making it look like there were two loans instead of one and I owed twice the money. I contacted the company I have the loan through and spoke to them about the discrepancy on my credit report. They said they would take care of it right away and submitted a request to have the second loan listing removed from my report. I will contact them every month until it’s been updated. Hopefully, once it is and my credit report reflects a lower debt amount, if will make my credit score go back up.

Watch Out for Identity Theft

We’ve found accounts on Drew’s credit report that were never his to begin with. He was even a victim of identity theft in his early twenties. The problem is that many times people don’t even know that this has happened because they never check their credit reports. It’s a lot easier to stay on top of them, then it is to try and clean it up, like I did when we were buying our house. Ever since then, I’ve made sure to be an active participant in my own credit report.  I highly recommend, that you do the same.

Ask for a Lower Interest Rate

It’s also a good idea to give your credit card companies a call once in a while and ask for a lower interest rate. The worse that they can say  is no. I know, I was a bit reluctant to try this at first, too. I swear it ended up being really easy though.

I called the number on the back of each credit card and once I finally got to a real person I’d tell them that I was calling to see about lowering my APR. They would transferring me to another department and let me know if they were able to help me or not. Two of them told me they didn’t do that at all, one told me they did an automatic check every six months, one told me they put in a request that I would get the results of in the mail and the rest told me I wasn’t eligible at this time. It was so easy and took such a little amount of time, that I plan on calling every card that said, no, back every month. Maybe if I keep trying they will say yes at some point. It can never hurt to ask.

Do you have any other tips for staying on top of your credit?

About Kimmy Hayes

Kimmy Hayes is the founder and editor-in-chief of AfterGlobe; a site on becoming debt free and traveling the world as a married couple. In 2012, she planned and coordinated her own do-it-yourself destination wedding on the beautiful island of Maui while serving as a moderator for the on-line community, The Knot. She is passionate about traveling to experience new cultures, snorkeling the waters of the world and reading with her toes in the sand.


  1. I need to check my credit report but am waiting until I get the name change stuff figured out. I think it would be super confusing to look at it now with half in maiden/half in married name.

    I tried calling Capital One to lower my interest rate and they actually told me to call back every few weeks as they offer deals every so often.

    • Capital One is also the only company who told me that they do have different deals at times and to call back, too. I’ll just keep trying on all of them until they either lower my rate or they are paid off.


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