There are many misconceptions about free credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter.
These sorts of misconceptions can hurt your chances at obtaining some jobs, getting better interest rates, and even your chances of getting apartments.
The truth is that if
you have a bank
account and
bills, then you
have a credit
score. And your
credit score
matters more than
you might
think.
Your
credit score may
be called many
things, including
a credit risk
rating, a FICO
score, a credit
rating, a FICO
rating, or a
credit risk
score. All these
terms refer to
the same thing:
the three-digit
number that lets
lenders get an
idea of how
likely you are to
repay your
bills.
Every
time you apply
for credit, or
apply for a job
that requires you
to handle money,
or even apply for
some more
exclusive types
of apartment,
your credit score
is
checked.
In fact,
your credit score
can be checked by
anyone with a
legitimate
business need to
do so. Your
credit score is
based on your
past financial
responsibilities
and past payments
and credit
record, and it
provides
potential lenders
with a quick
snapshot of your
current financial
state and your
past repayment
habits.
In other
words, your
credit score lets
lenders quickly
know how much of
a credit risk you
are. Based
on this credit
score, lenders
decide whether to
trust you
financially. And
they give
you better rates
when you apply
for a loan.
Apartment
managers can use
your credit score
to decide whether
you can be
trusted to pay
your rent on
time. Employers
can use your
credit score to
decide whether
you can be
trusted in a high
responsibility
job that requires
you to handle
money.
The
problem with
credit scores is
that there is
quite a bit of
mis-information
circulated,
especially
through some less
than scrupulous
companies, who
claim they can
help you with
your credit
report and credit
score - at a
cost, of
course.
Reading advertisements
and suspect
claims, customers
sometimes come
away with the
idea that in
order to boost
their credit
score, they have
to pay money to a
company or leave
credit repair in
the hands of
so-called
“experts.”
Nothing
could be further
from the
truth.
It is
perfectly
possible to pay
down debts and
boost your credit
on your own, with
no expensive help
whatsoever.
In fact,
the following 101
tips can get you
well on your way
to boosting your
credit score and
saving you
money.
By
the end of this
credit repair
course you will
be able
to:
•
Define a credit
score, a credit
report, and other
key financial
terms.
•
Develop a
personalized
credit repair
plan that
addresses your
unique financial
situation.
•
Find the
resources and
people who can
help you repair
your credit
score.
•
Repair your
credit
effectively using
the very
techniques used
by credit repair
experts.
Plus,
unlike many other
resources on
credit repair,
this
site will
show you how to
deal with your
everyday life
while repairing
your
credit.
Your
credit repair
does not happen
in a
vacuum. RepairCreditScore101.com will
teach you the
powerful
strategies you
need to build the
financial habits
that will help
you keep a
high credit risk
rating. It really
is that
simple.
Start reading and be prepared to start taking small but powerful steps that can have a dramatic impact on your financial life!
