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Jill Carlon, a Peoria, Ariz., mother of three, said she spent seven years fixing her daughter’s credit file after receiving a call in 2011 about a new J.C. Penney Co. credit card opened using her then 7-year-old daughter’s Social Security number. More accounts followed, including at Dillards Inc., Macy’s Inc. and Fry’s Electronics Inc. Then collection notices came from a local hotel. Keep the record of freezes in a safe place, so the child or a guardian can find it when needed. Criminals see the clean credit histories of children as particularly attractive, in part because parents rarely check on them. That often allows theft to go unnoticed for years, until the victims reach college age and start applying for credit cards and student loans.

Landlords must be careful while letting out property on lease or giving building premise or house on rent. They must make sure they don't let out property on rent to a tenant who may default in future. The easiest way to do this is by approaching tenant reference check agency. The credit check is performed on prospective tenants and studied whether the tenants have bad credit score, had been CCJ holders, or were bankrupt at any stage.

Nowadays, the check also involves a criminal background check on tenants. This is done with the prime purpose of ensuring whether the tenants are reliable o not. There are some tenants who refuse to undergo this kind of check. The sole purpose of the check is to ensure that the tenants do not default on making payment of rent.

You want to check your credit history annually to ensure accuracy.

Therefore it is vital to complete a credit history check to make sure your score is accurate. Why Should I Check My Credit History, You want to check your credit history annually to ensure accuracy. Studies have shown that 50 to 70% of the data on your reports is incorrect or out of date.

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In case you face a financial emergency and already have a bad credit history, you would be at a loss as to how to handle it. It could be very embarrassing asking for money aid from relatives, friends and colleagues. They themselves could be in an awkward situation handling their personal set of problems. Hence, you are left in a dilemma over how to and from where to arrange for the urgent cash requirement.

Be careful to leave yourself enough savings to fall back on in case of an emergency. 4. If you don't have enough savings to pay off your consumer debt, consider a home equity loan. 5. Look for no fee credit cards (be sure to consider all the other factors such as grace period, interest rate, etc. as well). Even if you are charged an annual fee, you can may be able to get the fee waived by calling your bank and asking them to remove it. 6. Whenever possible, avoid finance charges on credit cards, especially ones with high interest rates. 100 a year in interest charges.