How 3-1 Credit Reports with Credit Scores will better educate you.

How 3-1 Credit Reports with Credit Scores will better educate you.
A consumer armed with their 3-1 credit report will save
more money than one whom does not have any idea what is on
it. Creditors love an uneducated consumer when it comes to
borrowing money. Did you know a bank can charge a rate
between 1% to 4% difference depending on how aware you are
of the market and your creditworthiness? They are in the
business of making money just like any other company. This
type of difference can be the same for any type of loan,
insurance, and even credit cards. If you are walking out
there with credit report blinders on, I guarantee that you
are paying too much on rates and terms.

Arm yourself against high interest rate bandits
If you take the time to pull a copy of your credit report
with credit scores you will be properly armed with first
hand knowledge of what the creditors and the scoring models
say about your personal credit worthiness. If you are
getting ready to make a purchase, refinance, or just to get
an installment loan, you need to be aware of what is on
your free credit score report. If you don't take to time
and money to get a copy of your credit report with scores,
it will cost you a lot more down the road. Its like going
shopping for tires, everyone has different prices for the
same product. If you don't take the time to do your
research you will pay too much. If you are curious what the
credit score ranges are, here they are according to Fair
Isaac.

The general scoring ranges between 300 ' 850. Fair Isaac
divides the scores into five categories.

780 - 850 - Low Risk
740 - 780 - Medium - Low Risk
689 - 740 - Medium Risk
620 - 690 - Medium High Risk
620 - and Below - High Risk or "sub-prime."

Having a copy of your credit report advantages:
- Better Interest rates
- More savings
- Better Terms on loans
- Check for inaccuracies
- Lower insurance
- Fix errors
- Piece of mind
- Check for identity theft

Hopefully this article has explained some of key points to
being educated about what is in your credit report. Years
ago this access was not even available to the public. Now
that it is you should check your credit report often to
ensure you are educated about your own creditworthiness.

Don't waste any more money; get your FREE credit report
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, fico score, 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.