My Credit Score

If you are looking t get a mortgage, a car loan or any kind of financing, even a credit card you will not be successful if you do not have a good credit rating and credit score. If you are applying to a bank or loan company for a loan or mortgage these institutions are hesitant to make a loan unless the credit report is pristine. Your chances or obtaining financing are better if your credit report and credit score are clean. In some instances an employer may want to see a clean and clear credit report and score when you apply for a job and the same applies to renting a home or an apartment.

There are three credit reporting companies and anyone that you would apply to for financing will pull a report from either one of these agencies or all three of them. Every time a company inquires about your credit score this is recorded and too many inquiries will hurt your report.

However, this does not apply if you are inquiring about our own credit report. It is a good idea to get copies of your own credit report in order to avoid identity theft.

Getting your own credit report from all three agencies is important because if your credit rating and your credit score are low you can begin to clean it up and bring it up. You can get your report and score from a company that will get the reports free and help you monitor and regulate your credit. You can have financial freedom but you have to use proper management.

Some of the things that will cause you to have a low credit rating is: not paying your bills when they are due or paying less that the minimum amount required, having too many credit cards and keeping the balance on those credits cards high, not using your entire name when applying for credit cards, not checking your credit reports regularly, and not letting creditors know when you have moved.

All of these things will reflect negatively on your credit report.

If you have a low credit score and you are lucky enough to get financing then you can expect to pay a high rate of interest then you would pay if your credit score was higher and your credit report was clean.

Keep a close eye on your free credit score and credit score report. Visit creditscorequick