Is Your Credit Score Being Held Against You?

Credit Scores That Hurt

Is your credit score being held against you?

More and more the staples of life depend on your credit score. Your mortgage, insurance premiums, employment opportunities and even your landlord may be using your credit score to determine your financial future.

In some cases even the utility companies are basing the size of your deposit on your credit score. Landlords are determining your reliability as a tenant. Insurance companies are setting the size of your premiums based on your credit score. Many more employers are also using your score to determine your reliability.

According to a 2004 survey by the U.S. Public Interest Research Group, 25% of credit reports which list your credit and borrowing activities, had errors serious enough to to cause a consumer to be turned down for a loan or job.

To counteract the erronius information on your credit score you should review your FICO scores at least once a year, or several months before applying for a loan. Check for negative info, errors or any suspicious activity that may suggest identity theft. The best place to check is myfico.com. The three major credit bureaus will also sell you your credit reports, but they're not as reliable because none of them provide your FICO scores with your credit report.

The best strategy to stay on top of your credit information is to pay the extra money to get your FICO scores. Also apply for your free credit report from one of the three credit bureaus every few months. Moniter any new activity.

Cornelius P Crumpacker
101 ways to improve your credit score
http://www.usacreditinfo.com

---

Credit Report ? How Your Credit Score is Determined

Most consumers are aware that they have something known as a credit report that is used to determine whether or not they would qualify for a loan.... Read More

What is a Credit Report?

Ever wondered what is a credit report? If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file... Read More

Online Credit Report and Online Credit Reports

Online credit reports are easily accessible to those interested in viewing them. If you have wondered about what kind of credit score you have, you can go... Read More

What Are the Most Common Ways to Commit Identity Theft or Fraud?

It's the number one source of consumer complaints at the Federal Trade Commission (FTC), and unfortunately, it's one of the simplest crimes to commit. Identity theft involves... Read More

Dont Trade Your Future for Todays DooDads

"Easy Low Down Monthly Payment," "Buy Now Pay Later," "You Deserve the Car Today and We Can Finance It for You," & "Spend Today, 0% APR until... Read More

Learn How to Improve Your Credit Score

Having a damaging credit record can hurt you in many ways. It may prohibit you from making an important purchase such as a home, car, computer or... Read More

Negotiating Rates with Your Credit Card Company

Ok, let's face it, everybody hates high credit card rates, and they drain hard earned money out of your wallet. As a valued consumer, it is apparent... Read More

Trade Credit: How to Determine if You Should Offer Net-30 Terms to Your Customers

What is trade credit?One of the major differences between consumer and commercial transactions is that most, if not all, consumer transactions are paid in cash or by... Read More

Repairing Your Credit Score and Clearing Derogatory Marks on Your Credit Report

Raising your credit score can be a fairly simple and straightforward process unless you have derogatory marks that need to be disputed (which will be explained below).The... Read More

Free Credit Report - Really

2005 marks the year that consumers will be able to get a free credit report each year. The roll out of the Fair and Accurate Credit Transaction... Read More

Bounced Checks - Straight Talk On Dealing With Bad Checks (NSF)

A check can be considered bad if it is bogus or the NSF checks (non sufficient funds check), also referred as bounced check.The issuance of a NSF... Read More

Simplifying Your Search For a New Credit Card

Today, selecting the proper credit card can be a bit confusing to say the least. There are literally hundreds of offers from the major institutions eagerly competing... Read More

Which Credit Card?

Bewildered by the sheer variety of debit cards and credit cards? Here is a breakdown of some of the main types of debit and credit cards available:Debit... Read More

Choosing The Best Credit Card To Apply For

Always shop around to get the best deal when choosing which credit card to apply for. If you don't do your due diligence you could end up... Read More

My Credit Card Application Was Rejected! Now What?!?

No doubt, you've probably gotten literally hundreds of credit card applications in the mail and online, and each and every one of them has said that you've... Read More

Common Credit Score Myths

A lot of credit score myths about fico score ratings get spread around and some of them are just outdated information. Sometimes even lenders can give you... Read More

Credit Card Benefits and Drawbacks

Credit cards have both benefits and drawbacks. It is wise to consider both before applying for a credit card. While they can be very useful, credit cards... Read More

What Is A FICO Score?

A credit score is most commonly known as a FICO score. FICO stands for Fair Isaacs Corporation. It's a company that developed the credit scoring software used... Read More

How To Choose A Credit Card

Your credit score may just be a little number, but it packs a big punch. A poor credit score can keep you from getting a mortgage or... Read More

Practical Suggestions for Protecting Yourself From Identity Theft

It's no surprise that thousands of Americans are victimized by identity theft each year. Last year more than 9,000,000 people were victims of identity theft amounting to... Read More

What You Need to Know about Debt Negotiation on Credit Cards

Debt negotiation on credit cards is often referred to as credit card debt settlement. Whenever you make a credit card payment- or even pay your utility bills-... Read More

Which Business Credit Cards with Reward are the Best?

Thinking of applying for a credit card with a reward program to help you and your business? Here is a brief guide to some of the best... Read More

Finding the Right Credit Card

There are so many credit cards out there to choose from that deciding which one to get can feel really daunting. What makes one offer better than... Read More

How To Survive In A Plastic World, Qualifying For Credit Card

Let's face it, having credit is no longer a choice. "Don't leave home without it" is more like "can't buy a home without it." Your credit now... Read More

Give Yourself Credit

The Beginning of the Credit Card EraIn 1951, Diners Club issued the first credit card to 200 customers who could use it at 27 restaurants in New... Read More

Identity Theft Exploding: Here?s How You Can Avoid Becoming A Victim

Americans are more concerned about identity theft than unemployment or corporate fraud, according to a survey of 2,000 people conducted by Star Systems.Nine out of ten Americans... Read More