Saturday, March 20th, 2010

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Should You know And Monitor Your Credit Score?

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I believe you should and here are just 3 Reasons Why You Should Know and Monitor Your Credit Score.

What is your credit score? 

If you don’t know your credit score then it’s high time you find out because it’s in your interest to do so.  Here are some very good reasons for knowing how you rate with creditors, and how to monitor your credit score.

First, some background. 

Your credit score is based on information about you from companies that gave you credit in the past.  They report on your payment history to the three major credit reporting bureaus. They in turn, then create a numerical score, sometimes call a FICO score – named after the Fair Isaac Corporation.

Think of your credit score like grades you get on a test in school.  The higher your score, the better your credit rating.  FICO scores range from 300 to a perfect 850.  Anything under 700 ..

Source: clean bad credit

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