Credit Monitoring and Your Annual Credit Report

Throughout your adult life, every contract into which you enter and every account that you open adds to your “paper trail” of records. Managing these financial responsibilities well can help you to cultivate a positive reputation and can gain you access to favorable interest rates and other terms as you seek new credit or other opportunities. Failing to live up to your obligations can cause businesses to refuse you those same opportunities.

As you go on about the course of your daily life, you may lose track of all the accounts you have, but this could harm you professionally and financially. The credit bureaus that calculate your financial trustworthiness are required to give you one free copy of your credit report annually, and you should take advantage of this to ensure that you keep your affairs in order.

If you are struggling to make ends meet while repaying staggering debts, you need to be informed of your full financial situation and your legal options. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C., at 480-829-0494.

Credit Monitoring Advantages

There are companies that will monitor your credit report for a fee and inform you about any changes or suspicious activity. This can be worth the fairly small investment so that you can be made aware in the event that old accounts are placed in collections or if someone applies for credit or a loan in your name.

This offers you the following advantages:

• It informs you about the content of your credit report on an ongoing basis.
• You will know if there is reason to dispute items on your credit report.
• You will be able to contact the agencies handling your old debts to make arrangements to resolve them.

Unfortunately, even if you work hard to keep track of your finances, it is still possible to fall into a difficult financial situation. If the situation feels as if it is out of control, a bankruptcy filing can help you to put an end to the downward financial spiral.

Contact Us

Having an attorney on your side can make bankruptcy proceedings much less stressful. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C., at 480-829-0494.