subject: Credit Scores – What They Mean to You [print this page] Credit Scores What They Mean to You Credit Scores What They Mean to You
Credit Scores What They Mean to You
Does your credit score really tell you what you need to know? When you are applying for a loan or credit card, the amount of debt that you have, the negative items on the credit report and any other credit information can be carefully looked at by a lender. The credit score that you have can prevent you from getting the loan money that you need, or the ability to get credit cards. When you are aware of what your credit score is, and of any negative credits on the report, you can work on getting those fixed first, before you apply for new loans.
Lenders take into consideration all of the items that are on your credit report and if you do not know what kind of items you really have, or what your credit score is, you should consider finding a web site that offers credit reports and credit scores to see what it is like first. Once you are aware of the items that are on the credit report, and what your credit score is, you are then able to start fixing the items that need to be fixed and work on rebuilding your credit score. Once your credit score is higher, you may be able to get the loans that you need. When you have a better credit score, you are also able to get the rates on loans and credit cards that you want and will be more affordable.
