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Your credit score can have a huge effect on your life, so you need to know what it is, how it affects your every activities, and how you can improve it.
 Do you want to apply for any of the following?
- a mortgage
- a car loan
- a credit card
- a job
If you’re like any normal person, you almost have to apply for these items in the course of your life. But your credit score determines whether you actually will be approved for any of them. And yes, that includes applications for employment, where increasingly, employers are looking at applicant’s credit score as a sign of reliability and trustworthiness. Sort of scary, huh?
If you haven’t recently (or at all) been over to the free annual credit report website, you need to. This is the first step in getting a handle on your credit.
But getting your credit report is just the first step in assessing your creditworthiness. Read more articles below to get a complete understanding of this all-important part of your life. |
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 There are many factors that affect your credit score. Some factors affect it in a positive way and some, of course, will have a negative impact. When it comes to your age, it can go either way. Because credit scores are based partly on the length of time you have been establishing a credit history, your age certainly can be a deciding factor when it comes to your credit score. The length of time you have established a credit history accounts for 15% of your credit score.
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 One important step to insuring you have a good credit score and are not accumulating too much debt is to regularly check in on your credit history report. It is a fact that one in four personal credit reports will contain an error. Those errors can be minor or major and as a consumer, it is your responsibility to take action against such mistakes that can destroy your good credit standing. Checking your credit report at least once a year can help you keep tabs on how your personal credit score is faring and also check to make sure your identity isn't being used in a fraudulent manner.
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 There are many misconceptions floating around about what can help or hurt your credit score. You have likely heard conflicting rumors from friends, co-workers or even on the web. We will look at the top myths and misconceptions to help you get to the truth of the matter.
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It is basically foolish to think even if your credit score is considered excellent that your credit report is perfect. The reality is that on one in every four credit reports there will be a mistake. These mistakes are often caused by errors in reporting to the credit agency. For instance, your credit card company could inadvertently report information to one of the three major credit bureaus that should have been reported on someone else’s report. This information, though false, can negatively impact your credit score through no fault of your own. However, the blame can ultimately be placed on you for not getting copies of your credit reports, at least twice a year, and analyzing them for errors.
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 Have you made mistakes in the past that continue to haunt you on your credit report? As most people are aware your credit report is no longer used solely for determining if you are worthy of credit but also to determine if you can get a cell phone plan, rent an apartment or even get a job.
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Credit Score & Report 