What you don’t know can be costing you money!
Your credit report is an essential part of your day to day life, even if you may not realize it at first. Your credit report is used by credit lenders, home mortgage lenders, insurance companies and even employers when each of them determine if they should, or should not, work with you. Do you know what is on your credit report? If not, there has never been a better time than right now to find out………………………..to continue reading and more information; click here…….
Are you aware of what is in your credit report?
Many people learn about credit and finance the hard way! Through success and from failures with bad experiences that end up ruing their credit worthiness. Sometimes, it may not even be due to any fault of their own, but because they tried to help out a friend or family member. Then when they go to apply for that new car or mortgage loan, those past glitches seem to come out of the wood works on their credit report to haunt them.
There has to be a better way! Realizing that your credit score is more than just a number is the best way. Your credit score tells of your past history, how you have both managed and utilized credit. Therefore, knowing where your credit score is can let you know where you stand when you go to apply for that new car or mortgage loan. Credit monitoring through the various credit bureaus is one way, as they can provide you with alerts and warnings when your credit report is being accessed. You can also put a password lock on your credit report. There are many other ways of tracking and monitoring your credit report, but let’s not forget that you can obtain a “free” copy of your credit report and score once a year through various online credit websites.
Once you get your hands on your credit report, now what?
You are being rated on a credit worthiness scale called a “FICO” score. For many years in the past, it was not well known to the consumer on what caused the score to rise or fall in credit ratings. This left the average consumer at a disadvantage when it came to credit and borrowing issues. Today, with a lot of the credit consumer protection laws, things have improved and our society has became more aware of their credit ratings. Even though we have advanced in that aspect of credit awareness and knowing our credit scores, what can we do to impact it in a positive manner or correct errors that we may find on our reports? Especially since the main thing that credit bureaus use to control and drive your credit report is an address? Don’t get caught off guard and unaware. Click the link here to find out how you can arm your credit worthiness and credit score with facts and knowledge.
