“I always feel like, somebody’s watching me ” – Rockwell

Do you know who is looking at your credit report?  Do you know your credit score?  The answer to these questions may surprise you.

There are some people that want you to believe that a credit score is not important.  It may not be essential in everyone’s life, but having a good credit score will save you a lot of money, and may influence more things than you realize.

There are many different scoring models used to calculate your credit score.  The FICO score is a credit score that was developed by Fair Isaac Corporation and the most widely used scoring model.

FICO scores range from 300-850.  The higher your score, the more likely you are to get an approval.  The lower your score, the less likely you are to get approved for a credit card or loan.  If you have a low FICO score and you manage to get approved for credit, your interest rate will be astronomical compared to someone with a good FICO score.

Do you know your credit score? Well, if you don’t know, I can guarantee the following people and businesses know.

Banking institutions; potential employers; landlords; utility companies; insurance agents; cell phone providers etc..

This is just a short list of the people and companies that use your credit score to make a decision about you.

So, where to you begin to find out your current credit scores:

  1. Pull your credit reports.

Once a year, you are entitled to one free credit report from each credit bureau.  You can obtain your free report from www.annualcreditreport.com, however the score is not included.  That information will cost you a small fee.  I suggest you pay the fee so you will know where you’re starting from.  It is an amazing feeling when you see those credit scores creeping up.

  1. Analyze the data listed on your credit report.

While looking at the boat loads of information, ask yourself… Does all of this really belong to me?  Examine each line item very carefully.

  1. Pick up your favorite color highlighter and start highlighting “questionable” data.

Millions of people in the United States have some sort of discrepancies on their credit reports.  You are not exempt.

If you need are in need of assistance with reviewing and understanding your credit reports, visit www.increditablefinancialsolutions.com to book your discovery session.  We can take this ride together. Four eyes are always better than two!