Is your credit report fair? Does it contain accurate information about you and your financial habits?
For a lot of people the answer is going to be no. We all assume that such an important piece of financial information is going to be accurate at all times. But unfortunately this is rarely the case.
The problem is that a lot of people aren't aware they can do something about it. For example, if you think your credit report is not fair and does not accurately represent your situation or a financial transaction you have made, you can do something about it.
For starters you need to check your credit report on a regular basis. This is something a lot of people do not do, and yet it doesn't take long and doesn't cost much except for time. And the most important thing is that you will be able to spot any errors and get them sorted out before they cause you any problems.
Of course if you have made a mistake financially, failed to pay a bill or something similar, you will find it shows up on your credit report. And that would only be fair. We all make errors from time to time and forget to pay something important.
But this is very different from being penalised for a mistake you have not made. If it affects your ability to get a loan or a mortgage for example, you will want to have it corrected as soon as possible.
Every credit report company is fair in this respect. Provided you can prove the mistake is their error and not yours, there shouldn't be a problem.
You can see why it pays to do some regular checks, perhaps every month or so, to make sure there is nothing strange or unexplainable on your credit record. The more you pay attention to it, the less likely it will be for you to run into any problems. Of course it will also pay dividends to be responsible about your financial history and lifestyle, so you can keep your credit score as healthy as possible.