Check Your Credit Report and Credit Score

Posted February 16, 2016 by

Check Your Credit Report and Credit Score.

It is a very good idea to check your credit report for accuracy. You can check your credit report for free once a year. https://www.freecreditreport.com

And you can check your credit score for free at this site. It will also offer suggestions for improving your score. https://www.credit.com

Credit Reports
Credit reports contain information about your bill payment history, loans, current debt, and other
financial information. They show where you work and live and whether you’ve been sued,
arrested, or filed for bankruptcy.
Credit reports help lenders decide whether or not to extend you credit or approve a loan, and
determine what interest rate they will charge you. Prospective employers, insurers, and rental
property owners may also look at your credit report.
It’s important to check your credit report regularly to ensure that your personal information and
financial accounts are being accurately reported and that no fraudulent accounts have been
opened in your name. If you find errors on your credit report, take steps to have them corrected.

Credit Score
A credit score is a number that rates your credit risk at one point in time. It can help creditors
determine whether to give you credit, decide the terms you are offered, or the rate you will pay
for the loan. Having a high score can benefit you in many ways, including making it easier for
you to obtain a loan, rent an apartment, and lower your insurance rate.
The information in your credit report is used to calculate your credit score. That’s why it’s
important to make sure your credit report is accurate. You can have multiple credit scores,
created by different companies or lenders that use their own credit scoring system.
Your free annual credit report does not include your credit score, but it’s available for a fee.
When you buy your score, you often get information on how you can improve it.