Why Check Your File

Keys to Great Credit: Know Your Credit Reports

Learn about credit reports, fraud protection, and find out how to improve your credit score.

A credit file is updated every time a person or commercial entity applies for new credit.

The information contained in the file is easy to read. Importantly, the information is one of the factors that impacts on your credit-worthiness.

Banks, retailers and credit providers use the data, along with the information you provide to them, to determine whether to lend you money or not.

This makes it crucial for borrowers to keep a watching brief on their file.

Monitoring your credit file will help you check that someone is not using your identity to fraudulently borrow money.