Monitor your credit report for inaccuracies, errors, or signs of identity theft. Get to know as much as you can about your spending habits, the more you know the better you will be able to address any issues promptly and maintain the accuracy of your credit information.

Checking Your Credit Report:

• Frequency of Checks: Consistently checking your credit report helps you stay informed about your financial standing. Aim to review your report at least annually to catch any discrepancies. Remember your credit score will not be affected if you check it by yourself (soft credit check)!

• Identifying Errors: Review your credit report for inaccuracies in personal information, such as name, address, or Social Security number. Scrutinizing your credit report allows you to identify errors, such as inaccuracies in account information or unauthorized transactions, and take corrective action.

Understanding Spending Habits:

• Budgeting and Tracking Expenses: Establishing and adhering to a budget provides insights into your spending habits. It helps prioritize financial goals and avoid unnecessary debt.

• Identifying Areas for Improvement: A deep understanding of spending habits can help identify areas for improvement and financial adjustments. By meticulously tracking expenses, you gain a clearer understanding of where your money goes, enabling you to make informed decisions for financial improvement.

Addressing Identity Theft:

• Recognizing Signs of Identity Theft: Unexplained financial transactions, unfamiliar bills or services, and unexpected credit denials are potential signs of identity theft. Irregularities in receiving bills or calls from debt collectors, along with discrepancies in your credit report, should raise suspicion. Vigilance in monitoring your financial activity can help identify and address identity theft promptly.

• Taking Prompt Action: If signs of identity theft are detected, taking swift action, such as reporting to credit bureaus and freezing accounts, helps minimize potential damage and protect your credit.

Explore the possibilities with ERLI and take control of your immediate financial needs, especially during times of credit score challenges. Let ERLI be your reliable support in times of financial emergencies!