Free credit score and credit report
Credit reports have become more and more important in our daily lives over the past couple of
decades. Our credit history and credit scores have become a tool for many different activities, and as such
it is important to make sure your credit report is free of any false claims or excessive late
A credit report contains information about any loans, credit cards, significant bills, and other
debt arrangements that a person may have entered into. Any sort of financial transaction that requires some
sort of deferred payment or obligation would be present on my credit report, along with the history of
payments made, payments missed, and payments remaining.
The score contained in your credit report is a first look into whether or not you can be viewed as a
reliable borrower. The credit score is a metric designed to scale your past history as a borrower, your
ability to take on additional debt, and your probable reliability to pay off your current and future
Your credit report can also be affected by a failure to adequately make payments on your debts.
Every late payment or missed payment is reflected on your credit report. While one missed payment or late
payment will not be enough on its own to negatively impact you, a repeated pattern of missed payments will come back to
haunt you. Furthermore, the total amount of debt carried at any moment compared to your available debt
capacity can also impact your score in a negative manner.
Lastly, a poor debt-to-income ratio can impact your credit score. While your income is not listed on
the credit score, it is often requested in applying for any sort of credit vehicle. Potential lenders will
analyze the income you are reporting (either through pay stubs or through tax returns) and the total debt
listed on your credit reports to determine if you can be a qualified borrower.
I review my credit?
It is important to order copies of your credit report on a regular basis. Every few months, and at a
minimum once a year, you should review all of the items within your credit report to ensure that all of the
information contained is accurate and up-to-date. It is vital to check your history periodically, to ensure
that you receive full credit for keeping up with your agreed-upon debt obligations and that a good payment
history is fully reflected. For individuals with less than perfect credit or who may have a problematic
history with specific lenders, a review of one’s credit report can also provide a means of working with
specific lenders to work out new, revised payment arrangements – especially if certain obligations have gone
ignored for far too long.
There are even cases where, upon reviewing the report, that obligations are listed that do not even
belong to the borrower. Unfortunately, at some point, most people will be affected by the recent scourge
known as identity theft. With the rise of electronic commerce, more and more people are subject to having
their identity stolen at a moment’s notice. In many cases, the victim of identity theft does not realize they
have been a victim until months have passed. This allows the perpetrator to use your secure information to
take out loans and credit cards using your information. The criminal can then charge to their heart’s content
on your name, and leave you liable for the bills and the damage that results from their fraudulent
Attempting to resolve inconsistencies contained within your credit report can be a long and arduous
battle. The review of one’s credit report is a first step to addressing such theft. A careful review can help
you ascertain how and when the theft of your personal customer data may have occurred. It can allow you to
begin searching for clues that can tell you how your information may have been compromised in the first
place, and allow you to take steps that can prevent any further information breaches from
Upon discovering false transactions in your credit report, contact the credit reporting agency
immediately to report the fraudulent transaction. They should be able to update your report to note an
investigation into possible fraudulent activity. While such investigations are conducted, the agency should
also be able to place temporary blocks on your personal information, in order to prevent any additional
fraudulent transactions or inquiries from affecting your credit any further. Immediate action to report such
activity will hopefully keep your credit report free of any additional fraudulent transactions.
You should also reach out to any lenders who have also been victimized by the alleged fraud found on
your credit report. While the credit bureau should launch its own inquiry, it can take time based on the
continually escalating volume of cases being reported. You should take the additional step of reporting the
incident(s) to the lenders listed, so that they are aware of the fraud and can halt any action that they may
be trying to take against you personally. By taking immediate action, you can attempt to limit the damage
being done to your credit score.
The benefits of keeping a good credit score are numerous. A good score will allow you to apply for
additional debt as needed; a good credit history indicates that you can be a reliable borrower and will repay
your obligations on time. In addition, a good score will make you eligible for lower rates from potential
lenders. It will give you greater freedom to be more discerning among what lenders you work with, as you will
have a wider variety of offers from lenders to choose from. Essentially, it will become cheaper and cheaper
to take on more debt thanks to your good credit history and above-average credit score. You will have a
greater degree of freedom when looking at new credit cards, new installment loans (such as an automobile, a
house, a boat, a student loan, or other big-ticket purchase), or new lines of credit against your home or
By taking the time to thoroughly review your credit report, you can take the first step
Click Here To Get Your Free Score Today!