1. It helps you monitor your finances.
Understand how well you’re managing your finances each month and whether you’re making progress or if there are areas for improvement. You can see what’s currently affecting your score in the 'Insights' section of your report.
2. Spot errors and get them fixed.
Make sure all of the information on your report is accurate and up to date, as incorrect information could prevent you from being accepted for credit. If something doesn’t look right, raise a dispute with Equifax.
3. Identify suspicious behaviour.
If you don’t recognise something on your accounts, this could be a sign of fraud. Spotting fraud as soon as possible can help you to minimise any damage and distress and rectify the situation before it’s too late.