The Importance of Knowing Your Credit Score



Have you checked your credit score recently? 

If you want to borrow money, it's a good idea to go take a look at your credit score first. You don't want to keep applying for loans or accounts and get a lot of rejections as that could result in further deterioration of your credit score.


I get my free credit check instantly from Credit Repair. They not only give me my current credit score, but they also analyze my credit report. You would be amazed about some of the things you might find on your credit report. Like an old credit card that you forgot about, but it's still open or negative note on your report that has not been removed after many years. Stuff like that affects your credit and if you don't do a check up, it may remain on your report-  even after you have cleaned things up in real life. Even after years go by.

Why is your credit score so important? It can influence your application for utility or new loans by being declined, being approved but as high risk and thus higher interest rate, or as a good risk and offered cheaper loan rates. 

It essentially tells creditors how 'financially responsible' you are.
If you have a poor credit score, contact those that you owe money to, pay them back in full and request that they update your file as "fully paid".  So the faster you act, the better.

Out of curiosity, I checked mine and what a relief it was that it was nothing scary. 



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