Credit Guide: Managing and Protecting Credit

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Identity Theft

Your credit history, in a nutshell, is…you. It’s the history of your personal financial dealings; your bill payments, your credit card debts, your income, etc.

When it comes time to buy a house or car, the vast majority of lenders will be judging your creditworthiness based on your credit reports and scores—so protecting their integrity is imperative.

[Check Your Credit: Don’t Guess. Know.® Get your free credit report and score. No credit card required.

However, even if you’ve dutifully paid your bills and built a strong score over time, your credit is still vulnerable to certain pitfalls.
Identity theft is one of those pitfalls, and it’s a big one. It’s tough enough to recover from your own occasional credit foibles, but the nightmarish damage done by identity thieves can take anywhere from months to years to correct and repair, and could deny you a home loan or other financing.

Other unforeseen problems, too, can hurt your credit, and many are simple mistakes. Anything from excessive applications for new credit cards, previously paid-off debts still lingering on your payment history, even mistaken identity due to some confusion with your name.

While there are all kinds of things that can ding your credit, most are completely avoidable.

[Check Your Credit: Don’t Guess. Know.® Get your free credit report and score. No credit card required.

Read up on how to successfully manage and protect your credit from the Quizzle blog and beyond:

5 Ways to Protect Yourself from Identity Theft

A Unique Approach to Help People Protect their Identities

7 Tips to Protect Your Credit during the Holidays

Getting a Divorce? 5 Ways to Ensure It’s Not a Financial Disaster

Consumers Beware: Applying for Credit Can Torpedo a Credit Score

Additional Resources:

Credit Card Protection Basics

Avoiding Identity Theft