How your bills affect your credit score.

Many of us feel that we are financially secure in our finances. You budget, pay your bills and save for the future. However, there are always emergencies and unplanned expenses that occur. Ordering your credit report regularly can help you to keep your finances under control.

Bills
Paying bills on time is something that you have already done faithfully for some time now. You file, use your computer to keep tract of all bills. Most importantly you have records of all paid bills in the last few years. What if one slipped through the cracks, and is now on your credit report as a negative item? This can be a very small amount of money. It could be under fifty dollars. A new account that you are trying to open can see this blemish on your report. This may result in them accepting your account, but you may pay more money. You may be required to pay a deposit, or be made aware that your account will be terminated if you do not pay the first 6 payments on time.

Wrong reporting, causes thousands of people to have negative items on their credit reports. Many times you may pay a bill on time, or in full. However, the company has reported that have not paid, and your account is showing as more than 30, 60, or even 90 days past due. This could be on a utility bill or credit account. Even though your records show you paid, this is an issue that you need to address quickly.

Checking your credit report regularly is a great way to make sure that your payments are being recorded properly. Taking a few minutes every month to review your credit reports can save you thousands of dollars. Keeping your credit score in a positive standing is important. You will save by not being required to pay deposits on utility, or other accounts needed to run your household, receive personal loans, and credit accounts.