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This man had a 'poor' credit rating because of a glitch at Equifax. Now, he's warning others (www.cbc.ca)

submitted 11 months ago by [email protected] to c/[email protected]

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Company says an error is affecting some Meridian Credit Union customers

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[–] [email protected] 2 points 11 months ago (1 children)

Although I agree with the sentiment, I believe that checking your credit report only once a year leaves too long of a gap, especially in this modern age of rampant identity theft and frequent data breaches.

I strongly advise everyone to sign up for Credit Karma & Borrowell, which allows you to check your credit score and report every month. These apps also provide helpful notifications for significant changes in your score, helping you stay vigilant against potential threats.

[–] [email protected] 1 points 11 months ago

I think that once a month is a bit too much though. I've been using credit karma and borrowell, and they both alert you when there is a hard hit on your credit or a new account added to your report, so you are easily informed if something happens. I've seen so many people monitoring their credit every few days and worrying about a 10-20 points drop that I wouldn't advise to monitor it more than once a quater, and I personally do a complete review of my reports once every 6 months (although I will admit that I may just check the score from time to time, especially when I receive the dramatic email your score has decreased, that I open the app and see that yes, my score has decreased by 1 pt...).