September 16, 2008
Michael Sheehan

Physician's Money Digest, June30 2003, Volume 10, Issue 12


If you're an average consumer,you probably don't worry muchabout your credit report unless youget flagged when applying for a carloan or mortgage, an unlikely possibility.But experts advise that youcheck your report at least once a yearto look for suspicious activity, likecharge accounts opened withoutyour knowledge. These may be signsof identity theft. You should also pulla report before you apply for a loan,so you can see how the lender isgoing to look at you. It could helpyou to bargain for a lower interestrate. If you close out a creditcard account, ask the issuer to markthe account "closed by consumer,"so lenders don't think the card companyshut you down.