Credit Scores That Hurt
Is your credit score being held against you?
More and more the staples of life depend on your credit score. Your mortgage, insurance premiums, employment opportunities and even your landlord may be using your credit score to determine your financial future.
In some cases even the utility companies are basing the size of your deposit on your credit score. Landlords are determining your reliability as a tenant. Insurance companies are setting the size of your premiums based on your credit score. Many more employers are also using your score to determine your reliability.
According to a 2004 survey by the U.S. Public Interest Research Group, 25% of credit reports which list your credit and borrowing activities, had errors serious enough to to cause a consumer to be turned down for a loan or job.
To counteract the erronius information on your credit score you should review your FICO scores at least once a year, or several months before applying for a loan. Check for negative info, errors or any suspicious activity that may suggest identity theft. The best place to check is myfico.com. The three major credit bureaus will also sell you your credit reports, but they're not as reliable because none of them provide your FICO scores with your credit report.
The best strategy to stay on top of your credit information is to pay the extra money to get your FICO scores. Also apply for your free credit report from one of the three credit bureaus every few months. Moniter any new activity.
Cornelius P Crumpacker
101 ways to improve your credit score
http://www.usacreditinfo.com
WHAT IS HIRE PURCHASE/CONDITIONAL SALE?Although people often talk about "buying... Read More
Martin Henderson is in a fix these days. Because of... Read More
Today, selecting the proper credit card can be a bit... Read More
A line of credit, roughly defined, is the amount of... Read More
Imagine...obtaining credit that's incredibly easy...opening doors of opportunity you never... Read More
Listed below is a useful guide to credit card terms.... Read More
"Cut Your Payments in Half!" the headline screams. "Consolidate Your... Read More
Many people may still not be aware of an amendment... Read More
Ah, the "good old days". If you are a baby... Read More
By Federal law, you are entitled to one free credit... Read More
It's the number one complaint from consumers and it only... Read More
A credit card allows you to buy things even though... Read More
Sue is a homeowner and pays her mortgage and other... Read More
Even if you have heard of a credit report, you... Read More
Credit 101How does a creditor determine whether to grant you... Read More
There is a big difference between looking after your own... Read More
There are millions of consumer credit reports on file from... Read More
Credit counseling is a free service that many people with... Read More
Anywhere you go online nowadays, you will see a multitude... Read More
Get your credit report online for FREE. Many financial advisors... Read More
Under the Fair Debt Collection Practices Act, collectors are not... Read More
Your credit rating / credit score is based upon how... Read More
If you have a bad credit rating, then you might... Read More
Bank robbery has grown to become a huge problem in... Read More
1) Do your homework. Applying for and getting approved for... Read More
If you want to enjoy your life out of spending,... Read More
Somebody once said, "There is always a way of knowing... Read More
1. Choosing A new credit cardThere are many reasons for... Read More
Virtually all consumers will have a credit card at some... Read More
If you begin foaming at the mouth once a month... Read More
Identity theft is the fastest growing crime in America, according... Read More
Have you ever really looked at your credit card and... Read More
Raising your credit score can be a fairly simple and... Read More
This article is about bailiffs who may call trying to... Read More
You're interested in getting the best credit cards for your... Read More
It is a well-publicized fact that more of us are... Read More
What is a balance transfer ? A balance transfer can... Read More
Have you ever looked at your credit card statement? I'm... Read More
You've probably never heard of Frank X. McNamara, but he... Read More
Debt negotiation on credit cards is often referred to as... Read More
Identity theft is the fastest growing crime according to the... Read More
If you're like most people, you probably own at least... Read More
You've just received a "pre-approved" credit card offer in your... Read More
A line of credit, roughly defined, is the amount of... Read More
Step I - Selecting A Collection AgencySelecting a credit collection... Read More
Your credit rating / credit score is based upon how... Read More
Have you ever wonder about how to get good credit... Read More
Secured Credit Card is similar to a prepaid credit card... Read More
There are many evils associated with credit cards, but there... Read More
Establishing credit is one of the most important things you... Read More
If you're a college student, you probably already have a... Read More
Paying a credit card late fee is the same as... Read More
Credit card companies want your business. After all, lending money... Read More
Do you know the costs associated with your credit card?... Read More
We have all heard countless stories of people over their... Read More
Your credit report--a type of consumer report--contains information about where... Read More
Whether you are aware of it or not, credit bureaus... Read More
There are not many of us who do not have... Read More
Maintaining your Credit ProfileEvery consumer should be maintaining their credit... Read More
FREE credit checks or free credit reports. What are they... Read More
According to the September 2004 issue of the Nilson Report,... Read More
The moment I placed myself in front of the computer... Read More
Many credit card holders sign up for a credit account... Read More
Have you ever been told you were over your credit... Read More
Most families in America today have a credit card; some... Read More
The Beginning of the Credit Card EraIn 1951, Diners Club... Read More
Credit |