Make Sure Your Credit Report Is Correct to Improve Your Interest Rates And Lower Insurance Premiums

Did you know that you could make sure to get the best rates on your auto and homeowners insurance simply by having a good credit score.

Additionally a great credit score will allow you to get the best interest rates on your credit cards, car loans and even your home mortgage. With interest rates as low and as favorable as they current are why shouldn't you take advantage of them?

What to do ? Probably the most important first step you can take would be to order your credit report in order to view its accuracy and check for any glaring errors that could cause you problems or lower your credit score. A good credit score generally speaking is above 750.

There are 3 companies that offer credit reports. TransUnion, Equifax and Experian. There is a slight cost however a new law allows consumers the right to one free credit report every year. As of this writing only consumers on the West Coast can enjoy this benefit. Mid-west states can start receiving their free credit reports around the 1st of March 2005. For those of you that live in the South expect to be able to order your free report starting 1 June 2005 and if you're on the East Coast you'll unfortunately have to wait until the beginning of September 2005 in order to claim your free report.

Please don't take this lightly - your credit score is very important to your financial success in life. Even if you have managed to avoid making late payments or over drawing on your current credit limits you can still be in harms way. Recent reports have suggested that almost 79% of credit reports contain an error of some kind. The really bad news is that 25% of these errors are harmful enough to where they could cause some serious issues in your attempts to receive credit, better rates and lower your insurance premiums.

Additional recommendations include the obvious such as continuing to make payments on time combined with an outstanding long-term credit history and low credit usage. You can use this to your advantage by keeping your oldest credit cards debt free. Also ask for credit limit increase every once in a while. However make every attempt to avoid signing up for new credit cards or other forms of credit unless absolutely necessary.

If you do find out that your credit report does indeed contain errors promptly contact the credit bureau that issued you the credit and dispute the errors. If the bureau is unable to verify that the errors are indeed correct within a 30-day time frame they must remove the erroneous information from your report.

Taking the simple precaution of verifying your credit score could result in a substantial deduction on all of your insurance premiums and could significantly improve your rates for a new home or car loan.

Timothy Gorman is a successful webmaster and publisher of Military-Loans-Online.com. He provides more free financial and home equity loan information that you can research in your pajamas on his website

Other websites operated by Tim

Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.

Best-Free-Insurance-Quotes.com - Offers discount auto, life and home insurance

---

Lower Your Credit Card Interest Rate Now!

With today's credit card companies, there are many opportunities to... Read More

0% Credit Cards

These days, credit cards in the UK are competing with... Read More

Credit Repair, How To

Credit repair, is in a word, vital to reestablishing your... Read More

Credit Repair Services vs. Do-It-Yourself Credit Repair

Millions of Americans suffer because of bad credit these days,... Read More

3 Free Credit Reports For You

If you were to tell someone that they can have... Read More

What You Didnt Know About Your Credit Card Numbers

Have you ever really looked at your credit card and... Read More

Give Yourself Credit

The Beginning of the Credit Card EraIn 1951, Diners Club... Read More

It Takes Credit To Build Credit

Using a credit card wisely is an important step in... Read More

Useful Tips on Borrowing Money

Here are some useful tips on borrowing money. Borrowing money... Read More

How To Choose A Credit Card

Your credit score may just be a little number, but... Read More

Beat Credit Card Companies at Their Own Game!

Have you ever wondered how much money a credit card... Read More

Winning The Credit Game!

Everywhere we go, the word credit can be found, shining... Read More

Low Interest Credit Cards Have Many Advantages

When credit cards are used wisely they can be very... Read More

What is Credit Card and Debit Card Blocking?

Have you ever been told you were over your credit... Read More

Five Debt Negotiation Facts

These five debt negotiation facts along with a few debt... Read More

Different Types of Credit Cards and Features - Part 1

Just as there are too many credit card companies to... Read More

Saving Money: Quick Cash, High Cost

I didn't think it was possible. But it is. Folks,... Read More

Have You Ever Opened a Checking Account?

Maybe some of you are saving it in your trusty... Read More

What Is A Credit Report?

Even if you have heard of a credit report, you... Read More

Credit Card Debt: How To Control It

A lot of people spend more money than they can... Read More

Practical Suggestions for Protecting Yourself From Identity Theft

It's no surprise that thousands of Americans are victimized by... Read More

Credit Scores and Loan Applications

Keep Your Credit History Clean - Remove A Negative Credit... Read More

Identity Theft Exploding: Here?s How You Can Avoid Becoming A Victim

Americans are more concerned about identity theft than unemployment or... Read More

Credit Cards: What is the Universal Default Clause?

Most people who carry major credit cards are well aware... Read More

Bankruptcy Myths Busted

The average American knows very little about bankruptcy. Most people... Read More

Credit Card Rates - Negotiating Rates with Your Credit Card Company

Ok, let's face it, everybody hates high credit card rates,... Read More

Understanding the Function of Credit

What is Credit?Credit is the backbone and the engine behind... Read More

10 Dirty Tricks Credit Card Companies Play

The credit card companies make billions each year in legitimate... Read More

Credit Report Disaster Through Mistaken Identity

I've got some very important info I want you to... Read More

Top 5 Credit Misconceptions

We have all heard the rumors?from neighbors, relatives or friends.... Read More

Credit Traps Snag Consumers

Nearly 20 years ago I worked for a small consumer... Read More

Manage Your Credit Wisely

Getting your first credit card is a big deal and... Read More

19,178 Identity Theft Victims Per Day - Are You One Of Them?

Identity theft statistics are shocking. And we are told that... Read More