Thursday, July 23, 2009

Credit Report and Credit Score

One can not deny the significance of a good credit score and it is of utmost importance to check your credit report regularly.

You credit score says a lot about your trustworthiness and helps the creditors decide the interest rates. At times you might even be denied loans if you have a bad credit score. In order to keep your financial life pleasant, you need to make sure that you do not ruin your credit score. There are a number of things that you need to keep in mind while working on your credit score.

1. Do not apply for too many credit cards in a short span of time.
2. Not paying bills on time can be fatal for your financial life.
3. Do not close old bank accounts as it shortens your credit history
4. Safeguard your self against Identity Theft.
5. Keep the balances in your credit cards low.

It is also important to check your credit report on a regular basis. At times mistakes might creep into your credit report thus reducing your credit score. Checking your credit report regularly also safeguards you against identity theft, which is one of the fastest growing crimes in America.

You can contact the three major credit bureaus to get your credit report. Once a year you can get your annual credit report for free from one of these bureaus. In case of mistakes in your credit report you need to get in touch with the concerned credit bureau and apprise them of the mistakes. For further assistance on credit reports and credit scores please visit

For more info and to order your credit report with FREE credit score please visit

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