Mendham, NJ - 20-October-2011 - MoneySmart announces that one's credit report is an essential financial management tool. This is true for several reasons. One of the most important is that regular monitoring of this can help one catch and stop identity theft before major or irreparable harm is done to one's creditworthiness.Viewing this document will also help one to determine his/her income to debt ratio, helping one make an informed decision about seeking out more credit, such as financing a car or home. One is more likely to be approved for such loans if he/she is not already far extended financially.
It is also an important financial management tool because one can use it as an aid in creating a budget designed to reduce or eliminate debt in the shortest time possible. It can aid one in categorizing his/her bills and creating priorities that will allow one to live within his/her means.
For more information about how one's credit report can be an essential financial management tool, South African residents are encouraged to visit http://www.moneysmart.co.za/credit/credit-report. They may also obtain more information about financial management in general by visiting the home page at http://www.moneysmart.co.za/. Members of the press and/or other interested parties may obtain additional information about this firm and/or the content of this press release by contacting the following:
Susan Smith
Public Relations
Justin Harrison Marketing
PO Box 311
Mendham, NJ, USA 07945
Phone: + 00 1 973 531 4982
Fax: + 00 1 973 543 5683
Email: pr@justinharrisonmarketing.com