The New Year is a perfect time to check your credit reports. This is especially true if you are thinking of financing a major purchase (such a car or new home) or refinancing a mortgage in 2018. A surprisingly high percentage of credit reports have inaccurate information. And, if there are problems on your report, it is much better to find out about them before you apply for credit.
We highly recommend that consumers check their credit reports before they begin shopping for a new or a used car. Finance charges are a major expense, and consumers should know where they stand before they let a car dealer talk them into paying too high an interest rate.