Checking your free credit score regularly will benefit you
because your credit changes every 30 days. You are probably
asking yourself what do you mean your credit changes every
30 days. Well the creditors you have obligations with
re-report your credit status every 30 days usually to all 3
credit bureaus. If you had a credit card with a credit
limit of $4000 and a balance of $2500 and you charged
another $500 on your card your balance would change along
with your credit score as well. Since creditors report any
changes with your credit report every 30 days, you probably
should check you credit report once every 3 months. It
would probably not hurt to pull your credit report every
other month. There is a lot that can happen to your report
within a 30 day period. The point I am trying to make is if
you are managing your credit properly, and want to be aware
of your credit score, you need to check it often. Anything
can happen to your credit within a 30 day window. Let's
assume one of your creditors accidentally reports a late
payment on your credit report, and you actually were not
late. Because of this mistake on your creditors behalf,
they just dropped your credit score 100 to 150 points. You
decide to go apply for a new car, because you need one and
they are advertising low interest rate loans. To your
surprise because of this particular creditor's mistake, you
get denied because your credit score is too low. Believe it
or not this is a very common issue out there. 1 in 4 credit
reports have mistakes that cause low credit risk people to
get denied. I hope I have convinced you to stay on top of
your credit.
Oh, pulling your consumer credit report does not affect
your credit score at all. It is considered a soft pull.
With all that I just discussed, I would assume you are not
independently wealthy. You probably need to save as much
money as possible so you can retire someday. With your
credit being in good standing you will save on interest
rate charges, therefore being able to save more. Stay on
top of your credit and start saving today. There has never
been more of a sense of urgency to make sure you are
getting the grade in this digital age. When I say getting
the grade, I am talking about your creditworthiness. With
everyone wanting to know your score, you might want to get
your free credit score today.
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About the Author: Mike Clover is the owner of
http://www.creditscorequick.com/ . CreditScoreQuick.com is
the one of the most unique on-line resources for free
credit score report, Internet identity theft software,
secure credit cards, and a BlOG with a wealth of personal
credit information. The information within this website is
written by professionals that know about credit, and what
determines ones credit worthiness.
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