My Credit Report Com

The credit report is a one page snapshot of your financial condition. It gives creditors instant access to your status as a good or bad risk. My Credit Report Com is a good way to monitor your number and see if there are errors that are costing you money. Do you know what is contained in your file?

This document is compiled by three separate credit monitoring bureaus: Equifax, Experian and TransUnion. Each of them uses a separate method to calculate a person’s score, but the numbers are similar. Typically your three digit score is reported as a Three Credit Score. It is the average of all three reporting bureaus and can be accessed by ordering a copy either online or by phone. It is imperative in this day and age to obtain your information at least once per year. By examining it for mistakes and documenting them with proof, you can potentially save a boat load of cash.

Monitor this constantly and be sure to pay off your bills on time each month. It is this way that you build a good credit rating and qualify for a better loan rate.

Your credit file contains payment information, how timely you pay off your balance, new credit card accounts, past creditors, inactive cards and the average balance on each card that you own. These are just a few things that are listed, as the rest would take several pages. Make sure you examine this paper to make sure that all of the transactions are yours. One or two mistakes can lower your score by several points and potentially decrease your credit rating significantly. The biggest thing that can cost you is to pay off bills in a timely fashion. Even one missed payment can significant reduce your score. It can take up to 90 days to recover from one penalty, so make every effort to make the payment on or before the due date.

Your credit score shouldn’t be intimidating, don’t let the creditors take advantage of your situation.

Take stock in what you have and work on improving your credit score. You won’t be disappointed.

Good Luck.

To order your FREE credit report, click here or call toll free 1-877-322-8228.

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