What should you know about credit scores?
The credit report reflects your credit score number. This number can change depending on how your credit history changes. This report also indicates whether you pay your bills on time and how much you owe to a creditor.
How your credit score is used?
Your credit score can affect whether you can get a loan and how much you will have to pay for that loan.
The range of scores
Credit scores range from a low 300 to high of 850. The higher your score the more likely you will be offered better credit terms.
What if there are mistakes?
It is a good idea to check your credit report once a year for accuracy. If you find mistakes on your credit report contact the reporting agency to dispute the incorrect information.
How to obtain a copy of your credit report?
You can obtain a free copy of your credit report from each of the reporting agencies. Request your free report. I also recommend going to credit karma and setting up an account. This site is a great place to get recommendations on ways to increase your credit scores.
What if I have no credit?
At credit karma there all lots of resources to help you get started. An option may be to obtain a secured credit card. These credit cards require a deposit and can help build credit by reporting your activity to major credit bureaus.
Use your rent payments to build your credit. Maybe your landlord is not reporting your payments to the credit bureaus. That's not a problem. Navigate to RentTrack and they will help you get your rent payments reported to the credit bureaus.
Start today taking control of your credit scores. There are some good sites mentioned above.
Schedule a Consultation Today!
Interested in learning how to improve your credit scores. Contact us today for your free business consultation!
SimpliProfit.com | e email@example.com | p 408-809-1001