subject: Credit Rating Is Vital To Make Decisions [print this page] Credit Rating Is Vital To Make Decisions Credit Rating Is Vital To Make Decisions
To some, the FICO score is just three numbers.
Unfortunately, those three numbers can determine your future. Your credit score is vital to the choices you make and that number must be monitored and nurtured at every opportunity.
Aurora Lillo Editor of the "Credit Report And Scores" website -- http://www.CreditReportAndScores.biz -- pointed out;
"...The number reflects your habits in spending and borrowing and can tell perspective lenders and even employers what kind of person they are dealing with. Maintaining good control over that number is a must in today's world..."
Everyone knows that a good credit score can lower interest rates on credit cards and mortgages. However, did you know that your job may also depend on a good score? Many employers today check that to see what kind of person they are hiring. The theory states that a person that is responsible with their personal finances also should be a responsible employee. It may sound unfair to some, but it is what it is. In today's economy where so many people are scrambling to find or keep a job that number could mean the difference between that high paying dream job and more applications and resumes sent out in the job hunt.
A difference of as little as 30 to 50 points on your credit score could mean a half point difference on interest rates for credit cards, car notes and even the dreaded mortgage rate. A half point may sound like pittance, but when added up that could potentially mean a savings or cost of thousands of dollars annually to your bank account.
The solution is simple. Be good to your number and it will be good to you. Staying on top of your report will allow you to notice if there are any discrepancies on your report that could harm you. Those need to be disputed as soon as possible. Periodic checks of your report will put you in the driving seat of your credit. There are several credit monitoring businesses out there, but remember this caveat: Let the buyer beware. Some companies are little more than scams, while some are very reputable. Do your homework. Check with organizations such as the Better Business Bureau. You cannot be on the path to good credit if you do not have a good company in your corner.
"...Do monthly checks. Dispute anything that should not be there. By staying on top of your credit game, you will have one less headache in the game of life..." 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
