Should You Get Consumer Portfolio Services?
When should you get Consumer Portfolio Services? The answer is simple: when your credit score starts to drop. This can happen for a variety of reasons, but the most common cause is identity theft or fraud. If this happens to you, it’s important that you act quickly and take steps to protect yourself from any future damage by contacting the credit bureaus and starting the process of rebuilding your credit history.
You may not realize how important good credit is until you need a loan or want to rent an apartment. A high score can even make it easier for you to find employment and get better deals on insurance rates. The best thing about keeping your score up-to-date? It’s easy! Here are some steps that will help you maintain the perfect credit rating, so consider adding these habits into your routine.
Monitor all charges made against your account as well as any payments–credit card transactions in particular–and immediately report anything suspicious by calling the issuer directly if needed. This will ensure fraudulent activity does not go unnoticed, which could lead to more serious consequences down the line.
Utilize the free credit report service that’s offered to you by annualcreditreport.com and review your reports for accuracy, such as any accounts with a different address or phone number than what is on file with the company. This will help keep unauthorized access from happening in the future and make sure no one can open an account without your knowledge–making it harder for them to steal money.
Review all of your accounts monthly–your mortgage interest rate, loans, bank account information, investment portfolio–and ensure they’re up-to-date. This includes reviewing your insurance policies annually since rates are often increased when there have been changes made within 12 months (such as employment status). Compare quotes periodically to see if you can find a better deal (and save money!)
Always use strong passwords that are unique to you and then take extra care not to share them with anyone. Never provide your password over the phone, through email or on social media. This will help prevent an outsider from accessing your account without permission–which means no one else will be able to view your information like credit card numbers, balances and spending habits–keeping you safe!