If you haven’t seen a copy of your credit report, you should seriously consider ordering one today. Nowadays, in just a few minutes, you can see your free credit report online.
Free credit score online is one of the best ideas to improve or increase your credit score. There can be many errors in your credit report that can obstruct your financial flexibility. Some people have the opinion that checking score can reduce their credit score rating, but it is not so. Checking does not harm your credit score. In fact, the credit score check improves the credit score rating of an individual.
Why Check Free Credit Score Online?
Many lenders and retailers who extend credit facilities use credit score. The main purpose is to eliminate bad debts or any such poor line that may involve in the transaction. If you have a bad credit score, the lender may refrain from extending credit facilities, but a person with a good credit score does not face any financial shortage. If you desire to have a good credit score or want to increase the credit score scale, then you must check your credit score periodically. It is always advisable to check your credit score once in six months. Remember a minor error in your credit score can cause major destruction in your credit score rating.
Credit Scoring: Advantage
Your credit score reflects your past payment and debts history. Because of this credit score and reports, many financial institutions are able to lend “instant credit” to the borrowers. Nowadays if you intend to purchase a car or house on credit, the prospective seller asks for your credit score. That indicates that your credit extension is totally based on your credit score scale.
When are you entitled for a copy of free credit report?
- You are entitled to a free copy of credit report if you have been denied credit
- If you are unemployed and intend to apply for employment within 60 days.
- If you are a public welfare assistance
- If you report has been revised
If your credit report contains inaccurate information due to fraud or theft