Is Your Credit Score Being Held Against You?

Credit Scores That Hurt

Is your credit score being held against you?

More and more than the basics of life depend on your credit score. Your mortgage, insurance premiums,
employment chances and even your landlord may be using your credit score to determine your
financial future.

In some cases even the public utility companies are basing the size of your sedimentation on your credit score. Landlords are determining your dependability as a tenant. Insurance companies are setting the size of
your insurance premiums based on your credit score. Many more than employers are also using your score to
determine your reliability.

According to a 2004 study by the U.S. Populace Interest Research Group, 25% of credit reports
which listing your credit and borrowing activities, had mistakes serious adequate to to cause a consumer
to be turned down for a loan or job.

To antagonize the erronius information on your credit score you should reexamine your FICO scores
at least once a year, or respective calendar months before applying for a loan. Check for negative info, errors
or any leery activity that may suggest identity theft. The best topographic point 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 supply your FICO scores with your credit report.

The best strategy to remain 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.