This simple three-digit number plays a significant role, especially in your financial life. Maybe you’re thinking: “I don’t need to worry about my credit score". Think again! Let’s say you want to rent an apartment. Your prospective landlord is likely to run a credit check on you to make sure you have a good history of paying your bills. Insurance companies use your credit score to determine how much to charge you for auto insurance. And some employers even check the credit scores of job applicants before extending an employement offer.
What can you do to ensure your credit rating is as high as possible?
* Pay your bills on time, every time.
* Get the best credit card you can.
* Avoid applying for excessive credit.
* Stay well under your credit limit
* Keep your no-fee credit cards open, even if you’re not using them.
Federal law entitles you to one free copy of your credit report every 12 months from each of the three main credit bureaus—Equifax®, TransUnion® and Experian®. You can view your free credit reports at AnnualCreditReport.com.
Bottom line: Good credit management leads to higher credit scores. This can lower your cost to borrow and put more money in your pocket to save and invest. It also means you’ll have access to the financing you need, whenever you need it. Learn more at:
http://www.myfico.com/crediteducation/whatsinyourscore.aspx
What can you do to ensure your credit rating is as high as possible?
* Pay your bills on time, every time.
* Get the best credit card you can.
* Avoid applying for excessive credit.
* Stay well under your credit limit
* Keep your no-fee credit cards open, even if you’re not using them.
Federal law entitles you to one free copy of your credit report every 12 months from each of the three main credit bureaus—Equifax®, TransUnion® and Experian®. You can view your free credit reports at AnnualCreditReport.com.
Bottom line: Good credit management leads to higher credit scores. This can lower your cost to borrow and put more money in your pocket to save and invest. It also means you’ll have access to the financing you need, whenever you need it. Learn more at:
http://www.myfico.com/crediteducation/whatsinyourscore.aspx