subject: Credit Monitoring - Make Sure Your Credit Report And Scores Are Healthy [print this page] Credit Monitoring - Make Sure Your Credit Report And Scores Are Healthy
Many people live day to day with no idea of what they credit scores are or what their reports look like.
Unfortunately in these days, many people have numerous amounts of false information found on their reports which can cause lower scores, and higher interest rates on everything you pay.
Aurora Lillo Editor of the "Credit Report And Scores" website -- http://www.CreditReportAndScores.biz -- pointed out;
"...Watching your credit can actually become quite an addictive task. Once you start looking, you can turn your head away. For most people who might not have perfect scores, or the perfect reports, there are so many ways to fix your information to reflect the truth and to improve your financial health..."
The bureaus work with the monitoring services to give accurate information and to supply credit scores. The scores that you can buy through the monitors aren't necessarily you're Fico scores (which are used primarily with auto lenders and mortgage lenders). While these scores are helpful to monitor, they are on a different scale then Fico, and it is important to keep in mind, that they will not always match up perfectly to what a lender might see. However, with a clean report, you should have no problems with a 10-20 point rise or fall in you're actual Fico score.
The best way to watch you're scores and reports is to purchase an online credit monitoring service. The monitoring services come with a range of optional services, but most often all include a monthly set of reports and scores for a low monthly fee. A lot of them also will send you updates whenever something has changed on your reports. Having an e-mail sent to you notifying whether your credit card balance as gone up or down, or if there was a new account opened in your name would be very helpful if you in actuality didn't use your credit card and didn't open a new account. If you did, well then, it's just a friendly reminder.
A lot of the monitoring services have an included simulator that comes with your account. The simulator can easily tell you what you can do to raise your credit scores. This could be very helpful when looking to make a large purchase (i.e a car or a mortgage). You'll be happy to know what you can do to lower your interest rates significantly, and probably in a short period of time. Another great feature that the credit monitoring services offer is the ability to dispute charges or marks on your reports. They will take the dispute, and report it to the credit bureaus and seek a response to the person adding incorrect information to your reports. Often times, this can get fixed in a short period of time.
"...Keeping an eye on your credit will make you feel safe, protected and ready for whatever financial situation comes your way. You'll never have to go to a car dealer, or mortgage broker again and have to cross your fingers that you'll get approved for a loan. You'll know far before you think about leaving your house..." added A. Lillo.
Further information about how to get a detailed credit report including scores and as often as you want by visiting; http://www.CreditReportAndScores.biz
