By checking your credit report, you will also get a detailed summary of your debt and account totals, including your personal information. You should check your free credit report with one of the online tools available which will basically do it for you.
Monitoring credit reports can help you identify fraud, make new credit inquiries, stay updated on the latest ones, access public records, and open new accounts. It will also help you pay bills on time and engage in more responsible behavior.
Your payment history accounts for 35% of your credit score, so making payments on time is crucial. On-time payments can help you avoid bankruptcy, so if you’re experiencing it, it means financial responsibility should be on the forefront of your mind.
You should not be consuming high-luxury goods and services if you are barely able to make payments on time. This might sound extreme, but when circumstances do not permit you, do not continue your Amazon or TJ Maxx (shopping) subscriptions.