Sunday, October 17, 2010

Be Wise And Check Your Credit Report


When we speak of credit reports we are referring to a history of payments made by you. Your credit report relatively reflects your present credit status and it summarizes your financial reliability, including your history of paying bills and other debts.

Having a high and favourable credit rating is necessary for premium credit cards, loan applications, low interest mortgages, and favourable interest rates. Thus, it is imperative that all consumers regularly monitor and check their credit report to ensure that they are applicable for further credit from lenders or credit agencies- but how does one go about in checking their credit history or credit score? Well, anyone can check their credit history simply by contacting their creditor or credit bureau.

It is very simple to contact your credit bureau and ask for a copy of your credit report. Relatively, you can check your credit history from major credit bureaus such as: Experian, Trans Union, and Equinox. Utilizing on these three credit bureaus can help you check your credit record at least three times each year- free of charge.

If you are wondering why you should regularly check your credit report-well there are many instances whereby credit reports are blemished with identity theft, discrepancies and errors etc. It is your right as a consumer to take the step forward and monitor your credit report to prevent these inaccuracies from occurring. Remember, once you have a negative credit report, you are less likely to be applicable to obtain a loan to purchase cars, houses etc.

Needless to say, your credit score is the most important information on your credit report. Thus it is imperative that you be wise and check your credit report so you can uphold a positive credit score – which can range between 300 and 900 by most credit bureaus and agencies- to be capable of obtaining favourable credit and interest rates from potential lenders and creditors.

54 comments:

  1. pirates make everything more exciting

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  2. do what you want cuz a pirate is free
    you are a pirate

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  3. Thank you for this information!

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  4. dude I hate that commercial. Those guys seriously need to go die. now. haha jk :P

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  5. I avoid credit cards like the plague!

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  6. I will regularly check my credit report from now on., good tips

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  7. I love those damn commercials :(

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  8. Boggles the mind how a person's ability to pay on things is based off of something that doesn't really exist. Sure it's a good way to keep people who have been beat down from it. Another thing chipping at my madness!

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  9. i can't believe that advertising campaign got as big as it did

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  10. I have almost no credit score ... Yet.

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  11. I hate the idea of credit rating and the way it seems to ruin peoples live randomly

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  12. I'm gonna miss these guys doing these commercials.

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  13. hmmm I should really actually pay attention to these, always just blown it off

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  14. good tips! lol I remember seeing this commercial

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  15. has any one else noticed theres a pirate hat somewere in all of their commercials?

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  16. A lot of good advice here, thank you! And if you ever have the time you should check out my blog, I try to give my readers helpful tips similar to what you're doing.

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  17. I always end up trowing it without even looking at it.

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  18. @McRohanheim

    Got the same feeling about them.

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  19. it's always good to be aware of your credit score

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  20. Good post, but I really hate those commercials.

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  21. Random fun fact. When getting a car loan, even if you have a credit score of 850, but with NO HISTORY OF CAR LOANS, you will not get a super low APR. Expect to get 4-8% higher than someone with a long history and perfect credit.

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  22. Useful info, thanks. People are so often intimidated by the workings of credit, and even more often just don't care.

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  23. Good information thanks. Love the pirate vid.

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  24. By the way, in case you were wondering, I keep up with your blog everyday but I try to avoid leaving multiple comments in the same post. Looking forward to your next post :)

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  25. I love these commercials.

    http://kashkrap.blogspot.com/

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  26. good tips. I don't have a credit score though, I've never bought anything or gotten a loan!

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  27. Alright, going to check my credit. If a singing pirate tells me to do something, I do it.

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  28. EFF ARE E E that spells FREE, FREE CREDIT REPORT DOT COME BABY

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  29. Car Insurance is extremely important. Very nice article and I hope the reader will appreciate it.
    You can find more info on car insurance at Affordable Car Insurance. Good articles and links!

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