Protecting Your Credit

A local man had his information put on someone else's loan application at a car dealership.

It is an apparent accident, but what process do lenders go through to check information and how can you keep yours safe.

We went to an independent bank who was not involved in the incident. They say every bank will do a credit check once a loan application comes in to ensure the information is right.

But there is more you can be doing.

One of the biggest things you can do is keep track of what is going on your history report.

David Hutson with Happy State Bank says, "I'm a propionate of really checking your credit history, now a days you have the free annual credit reports."

If you don't want to be consistently running your credit report. There are other services that will do it for you.

"You can go actually and get a part of a program with some of the credit reporting agencies to let them monitor for identity theft purposes a persons credit history which I think is very important."

Some of those programs will show you if someone is trying to use your information or ask you to confirm if you are trying to do things like open a new account or try and get a loan.

These types of warnings will alert you without you having to go searching through your report for them.

Another tip is keep tabs on who has your information. Because every time you make a purchase that is on record somewhere. Meaning you are always at risk for something getting on your credit that you didn't do.

Accident or not.