Wednesday, December 3, 2008

Monitoring your Credit Score

It is important to make sure that everything on your credit report is up to date. By law the government allows us to obtain a free credit report once a year sometimes maybe twice depending on the state. When viewing your credit report you will be able to see how many negative accounts you have, how many you have open, type of account, your personal information, your payment history, charge offs, collections, etc. You want to make sure to dispute anything that isn't right so that your credit scores and report are up to date, you might also want to get your credit score to see where you fall in the hierarchy. Most of the time you have to pay for your credit score and these companies offer free trials so if you do not want to keep the service you want to make sure to cancel by the date when your free trial ends. Once you view your score and report you can see what you might need to work on and which accounts are worth saving. For instance, you have an account that's showing past due than you can start paying on that so that you can build your credit history back up. Remember a credit score is what determines your credit worthiness and is used for checking employment, auto loans, applying for home loans, cell phone, credit card, pretty much just about anything. If you can bring your score up to a higher range on the hierarchy you will be more likely to have willing lenders.

Good luck!

Where to review your reports

Annualcreditreport.com- You will have to make a purchase for your credit score but you are allowed your one free credit report access to all 3 agencies.
Equifax- Access to all 3 credit reporting agencies and your credit score, also includes monitoring so you are notified when your score changes, $14.95 per month.
Free Trial
Consumer Direct- 5 day free trial, Offers access to 4 credit scores,credit score, auto score, insurance score and employment score. If you don't cancel the trial you will be charged $29.95 a month.
Freecreditreport360- Access to all 3 credit reporting agencies and your score, 7-day free trial your card will be charged 1.00 but if you cancel it will be refunded. Remember to cancel by the day the trial period ends so you won't be charged. You will be charged $29.95 a month and $1.00 for your savings club a month.
It is important to make sure that everything on your credit report is up to date. By law the government allows us to obtain a free credit report once a year sometimes maybe twice depending on the state. When viewing your credit report you will be able to see how many negative accounts you have, how many you have open, type of account, your personal information, your payment history, charge offs, collections, etc. You want to make sure to dispute anything that isn't right so that your credit scores and report are up to date, you might also want to get your credit score to see where you fall in the hierarchy. Most of the time you have to pay for your credit score and these companies offer free trials so if you do not want to keep the service you want to make sure to cancel by the date when your free trial ends. Once you view your score and report you can see what you might need to work on and which accounts are worth saving. For instance, you have an account that's showing past due than you can start paying on that so that you can build your credit history back up. Remember a credit score is what determines your credit worthiness and is used for checking employment, auto loans, applying for home loans, cell phone, credit card, pretty much just about anything. If you can bring your score up to a higher range on the hierarchy you will be more likely to have willing lenders.

Good luck!

Where to review your reports

Annualcreditreport.com- You will have to make a purchase for your credit score but you are allowed your one free credit report access to all 3 agencies.
Equifax- Access to all 3 credit reporting agencies and your credit score, also includes monitoring so you are notified when your score changes, $14.95 per month.
Free Trial
Consumer Direct- 5 day free trial, Offers access to 4 credit scores,credit score, auto score, insurance score and employment score. If you don't cancel the trial you will be charged $29.95 a month.
Freecreditreport360- Access to all 3 credit reporting agencies and your score, 7-day free trial your card will be charged 1.00 but if you cancel it will be refunded. Remember to cancel by the day the trial period ends so you won't be charged. You will be charged $29.95 a month and $1.00 for your savings club a month.

1 comment:

faisal said...

Hi

Most of banks are doing credit score monitoring and I think it is so beneficial step for customer because he can get better opportunity to it. There are so many other information about this monitoring in plastic business card.

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