You Credit File
Something interesting that you guys may want to check out. In short, when you borrow money, get a mobile phone on a plan or enter into any financial transaction the first thing the banks will do is a credit check on your credit file, interestingly most people have never seen their credit file.
what does your credit file got to do with investing and stuff?
Well its quite simple, when you do ‘bad stuff’ like
- not pay your bills
- get overdue notices because you didn’t pay somebody
- change address
- change names
- get a court judgement
- etc
All these get recorded on your personal credit file, usually they match it using your name, date of birth, driver’s licence, address etc.
Since I work in the bank and I personally know people who have had wrong credit applied to their credit file (usually by mistakes) I understand the potential implication this may have when you enter into a financial transaction in the future. So if you want to make sure people are not putting the wrong thing on your credit file and to make sure that the current credit file that you have is correct then you have three options:
- Order your credit file for free (takes a couple of weeks)
- Order your credit file for $27 (within 1 business days by email)
- Order a 12 month monitoring of your credit file for $40
Today I decided to get a 12 month monitoring on my credit file… why? I borrow money very often and I need to make sure that my credit file is very clean (makes it easier for me to borrow money) If you’re interested, check out the website and read some of the other information thats available there. mycreditfile
Anyways, hope this is helpful. Keep a clean credit file! “Don’t be Evil”
