Get Credit Score from FreeCreditReport.Com to check your Credit Score Report from all 3 Major Credit Bureaus: Equifax and Experian and TransUnion to increase your Credit Report Score and increase your bad credit score..
Whenever you apply for anything involving credit, like a mortgage or even your average low limit credit card, the person and institution that is issuing that credit will want to take a look at your credit score. This number is a good representation of your current and past credit history and will thus let the lenders know what they are getting into when they decide to do business with you. If your score is low (which can be anywhere from three hundred, which is the bottom floor, to about six hundred when using the FICO model of score interpretation) then you will be considered high risk to lend to and the creditor may not even go so far as to look at your credit score report.
If you have a rather good score, it may also be all you need to get the house or car of your dreams. Now, while the US Federal government has worked out a deal with all the major credit bureaus to give you three free credit reports every year, they see no reason to allow you to receive a compilation of a free credit score. This may in fact be due to your credit report having much more information than your score and, because the score is just a number, it will not inform you on what you need to improve to obtain better credit. All the score serves to do is to give you an average of how well you are doing in terms of debt responsibility. FreeCreditScore.Com
FreeCreditScore.Com – Collections, amount of debt, and other various factors can greatly effect your score. Mine for example was a 759 up until a old $1,500 dollar past college debt that was promised to be “dismissed” according to the staff of the facility, and in fact was dismissed for several years, up until the debt was later sought after by someone without my knowledge. It was posted as a “collection” on my score and now my score is hovering around 630 from the one single collection event and will remain for a long time to come unfortunately. Of course, your score is more important today though and, if you really want to, you may purchase your score from all three of the competing credit bureaus. Free Credit Score.Com
However, what most people do not know is that creditors and lenders often have their own model for determining your particular score based on the original FICO Credit Score compiled with other information about you. This is especially true with most banks in that they will have info about how and when you deposit your own money, how often you let it sit in your own account, and how often you withdraw it. Not saving your money and taking it out almost as soon as you get it, for example, is often troublesome in that the bank will see that you are not being financially responsible. It is also not possible to purchase these scores generally due to the fact that the banks are doing this on a per person basis……..
What is The Average CreditScore?
do you know where your credit score is? If you answered no, you’re part of the majority of Americans who have no idea what their credit is up to, and that makes me sad. Your credit score is one of the most important parts of you financial life, and thus deserves to be treated with as much care and protection as you would give to your first born child. So stop being a bad parent to your credit, and get into the habit of checking your credit report and score at least once every year. Trust me, it’s worth it!
Your credit score, commonly referred to as your F.I.C.O score, is a three digit number ranging from 300 to 850. This rating is determined by a calculation that includes all your current and previous financial activity, such as bill payments, credit limits, and amount of debt. Your credit is used by all sorts of companies any time you go to take out a loan, open a credit card, apply for an apartment, get a cell phone, and even when you apply for a job. Not only does your FICO score determine whether or not these activities result in success, it also determines your interest rates. Yikes! Having a higher credit rating can save you thousands of dollars a year, but you’ll never know where to begin until you check your score. FreeCreditScore.Com
The easiest way to get a free credit check is (like everything else these days) on the Internet. There are dozens of fancy high-tech credit reporting websites online that can deliever your credit report and score to you faster than you can say “I love my credit” – which is something I say all the time, by the way. Once you have received your free FICO score you can determine where it stands. The average American credit rating for 2010 is 683, which would be considered a B+ rating. Any score over 720 is regarded as an A grade score, and a score over 740 is considered excellent, getting you an A+ and a little gold star sticker. If your score is under 620, you should consider learning more about credit repair and begin taking steps towards improving your credit.
Next Step: You can request your free credit score and report from various websites online and finally discover exactly where your credit stands. I highly recommend the link below, as it’s the most popular and highest-rated place to get a detailed copy of your Free Credit Score [http://freecreditreports101.com/] and report, and it only takes 2 minutes.
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