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Credit Score Report – Importance of Knowing Your Credit Rating

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Home Page > Finance > Credit > Credit Score Report – Importance of Knowing Your Credit Rating

Credit Score Report – Importance of Knowing Your Credit Rating

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Posted: Jun 30, 2010 |Comments: 0
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In today’s society, everything depends on a credit rating or report; such as buying a house, buying a car, or just simply trying to acquire a small personal loan.

It is very important that a person is made aware of he or she’s financial rating because once a credit rating drops below 500, it is extremely difficult to be approved for any type of loan. Here are three suggestions one might be advised to do to maintain knowledge of a payment history report.

Aurora Lillo Editor of the “Credit Report And Scores” website — http://www.CreditReportAndScores.biz — pointed out;

 

“…First, there are several websites offered to the public that allow them to have constant supervision of a credit report. Many of them do charge a small monthly fee to have continuous access to the financial history report; however, it is always better to stay aware of one’s payment history and rating than to be denied help with financial resources one day and not a have clue why…”

Secondly, Identity theft is becoming a more threatening problem than ever. All someone has to have is a debit card number or simply a name and address together can lead to mail being sent to another person with confidential information in it. There are several known Identity Theft Prevention Companies that with a charge of a small monthly fee to monitor an individuals bureau and report to that individual any activity, suspicious or not, to ensure then that any change made to the bureau was performed by the owner themselves.

Lastly, an individual knowing her or his’ credit rating can save that person from the embarrassment of being denied financial opportunity at a bank or finance company. If a person so chooses to not monitor their personal report, or to have a Theft Prevention Company monitor it for them, there is still a chance for an individual to learn of their payment history rating. When an individual applies for a loan with a financial institution they can sometimes acquire their credit rating; however, with several institutions this may be a problem because some are bound under contract with a credit bureau to not release that information being as bureau’s are not free to any one financial institution or individual.

“…Maintaining knowledge of one’s credit rating is very important because of the many dangers of identity theft, and with as many opportunities as a person has to monitor their credit rating, there should be no excuse for any individual not to have full knowledge of what is on their credit rating and the report that makes that rating…” 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

Retrieved from “http://www.articlesbase.com/credit-articles/credit-score-report-importance-of-knowing-your-credit-rating-2754770.html

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Aurora Lillo -
About the Author:

Aurora Lillo runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

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Source:  http://www.articlesbase.com/credit-articles/credit-score-report-importance-of-knowing-your-credit-rating-2754770.html

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Free Credit Score Report – Government Mandates Free Credit Reports for All Consumers

The federal government is currently offering all consumers the option of obtaining a free credit report once every year.

By:
Hector Millal

Finance>
Creditl
Jul 05, 2010

Best Credit Reporting Agencies – Efficient, Fast And Accurate

Knowing one’s credit is the single most important thing that someone can do in order to get good terms on a loan, receive a mortgage, or even know if he or she will be hired.

By:
Aurora Lillol

Finance>
Creditl
May 18, 2010

What you should do before applying for an Australian credit card

Australia has enjoyed a fruitful economy for the past several years. No wonder when it comes to Australian credit cards, they are literally everywhere. You can see the offers while you surf the Internet, find it in your mailbox and almost all shopping places.

By:
Johnl

Finance>
Creditl
Feb 17, 2011

Www.VerifiedByVisa.Com: Verify by Visa Card Activation And Login Website

To protect credit card holders who enjoy the conveniences of shopping online from fraud and identity theft, the service Verified by Visa has been designed to give shoppers an extra layer of protection when entering in their sensitive credit card information. The service thwarts unauthorized use of someone’s personal credit card information by having members confirm their identity with an additional password.

By:
Stacey Reidl

Finance>
Creditl
Feb 16, 2011

Why You Should Apply For Low Interest Credit Cards

A downside most people see with credit cards nowadays is their high interest rates. Not only does this make people lose more money, but it also makes them suffer once they find out that they are already drowning in debt due to their inability to properly make use of the amount of money they can spend through their credit cards.

By:
Elizabeth Williamsl

Finance>
Creditl
Feb 16, 2011

Suing Collection Agencies – Discover the 6 things you need to know before going to court

Just to let you know that collection agencies are no different then credit bureaus when it comes to suing in court. However, before you take the legal step to sue in small claims court, there are six things you must know right before filing a lawsuit.

By:
Mark Claybornel

Finance>
Creditl
Feb 16, 2011

Tips For Visa Credit Card Application

Securing a credit card is no difficult but securing reliable, safe and trustworthy credit card service application is a daunting and challenging task. Credit card gives the liberty to travel cashless, and makes your payment system very convenient, but transacting through a credit card is not always free from anxiety.

By:
Elizabeth Williamsl

Finance>
Creditl
Feb 16, 2011

The Efficiency of Credit Reporting Companies

Free Credit Annual Report Company is a company that offers a totally free service to customers so that they may check their free credit score. They are also perceived to help customers in finding free credit reports from the well known agencies that deal with credit. It is really a real free service to customers and offers customers an opportunity to check their credit score which helps in preventing against any theft of personal identity that may arise unexpectently.

By:
jackstellonl

Finance>
Creditl
Feb 16, 2011

What you should know before doing any personal loan comparisons

Nowadays, there are lots of personal loans offered by many financial institutions. We have the liberty to compare personal loans conveniently and easily. In financial terms, a personal loan is defined as single payout loan requested by an individual borrowed from a financial institution.

By:
Johnl

Finance>
Creditl
Feb 16, 2011

How Can A Prepaid Credit Card Benefit Your Business

Believe it or not, having a prepaid credit card is an important aspect of business ownership. They can help your business in many ways. A balance paid in advance can give a business control over funds it would otherwise not have. They can even help a business grow by providing means that would otherwise not be available.

By:
toddl

Finance>
Creditl
Feb 15, 2011

How to Make Money Trading Forex Online

For anyone who is looking for the perfect home based business, forex trading may be the perfect solution to earning a full time income from the comfort of a desk chair. It involves the trading of foreign currencies, which can involve a total market value of billions and billions of dollars each and every day.

By:
Aurora Lillol
Financel
Nov 15, 2010

Best Forex Trading Software – Any Suggestion?

Being able to trade effectively in the Forex (or Foreign Exchange) marketplace has become something of a problem for many traders. This is because they can’t decide on a strategy type or even the right software program to use.

By:
Aurora Lillol
Financel
Nov 15, 2010

What Is The Best Forex Software?

For individuals searching for Forex software, there are many choices available, as this has become a hot market for not only investors, but software designers as well.

By:
Aurora Lillol
Financel
Nov 15, 2010

How To Obtain Grants From The Government – Tips For Being Granted

Ever since the current financial meltdown began in 2007, many people have experienced financial difficulties that have included unaffordable mortgage payments, decreased income, or even unemployment.

By:
Aurora Lillol

Finance>
Personal Financel
Jul 15, 2010

Government Grants Free Money – How To Obtain It Faster

A government grant is free money that the federal and sometimes state governments give away to those people who are considered low-income or meet certain eligibility requirements to receive the funds.

By:
Aurora Lillol

Finance>
Personal Financel
Jul 15, 2010

Government Debt Relief – Manage Your Mortgage And Debts

A lot of people believe that the government will come up with an answer to a problem just when we need it the most.

By:
Aurora Lillol

Finance>
Personal Financel
Jul 15, 2010

Online Government Grants For Debt Relief – Get Your In No Time

There are billions of different uses for the internet, and most of them have changed the world completely. One of these things is the ability to get a government grant via an online application.

By:
Aurora Lillol

Finance>
Personal Financel
Jul 15, 2010

Federal Government Grant Programs – Apply Online, Become Debt Free

During this rough economy felt around the world, many consumers are seeking ways to relieve crippling debt.

By:
Aurora Lillol

Finance>
Personal Financel
Jul 15, 2010

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Aurora Lillo runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

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