Checking Your Credit Report And Credit Score For Free

No doubt you’ve probably seen a commercial offering you the opportunity to request your free credit report or free credit score. What’s all the fuss about? Why the sudden interest in credit reports and credit scores?

To start, you need copies of your credit report and credit score. To begin with, let’s get a copy of your free credit report. You can get your free yearly credit reports from the government. You can request the three major credit bureau reports every year.

You need to get the rest of your financial picture by getting your credit score. Now we got that taken care of let’s work on getting your free credit score. The government does not have a program that allows you to get an absolutely free credit score. The easiest way I know to accomplish this is to sign up for a free credit monitoring trial service.

Now that you have a copy of your credit score you can understand what are good credit scores. With FICO scores, 300 is bad and 850 is perfect. And just like in school the higher the score you have the better. 750 to 850 are considered the best credit scores and will give you the best interest rates on your loans and insurance rates.

Having a good credit score will allow you to qualify for the lowest interest rates on auto loans and home loans and get the best credit card deals and possibly even qualify you for a job promotion. This is why your credit score is important.

The score comes from the info in your credit reports. This is why it is to your benefit to maintain accurate information in your credit report. Check your credit reports from each different agency every four months and correct any errors you may find. That way you can save money on all the financial products you use.

Friday, October 2nd, 2009 General Interest

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