How Can Your Free Credit Score Affect Your Life
Everyone needs to know what their score is because your free credit score can affect a lot of aspects of your life.
So it is important that you keep track of what it is by getting your free credit score. You will need to know what your three digit rating number is because this is the number that will help lenders determine whether you are a risk factor or not.
You score is determined from information in your credit report which is created by the three big bureaus. Your scores can be anywhere from 300 to 850. The average person has a score of 700. When you want to see your report you have a legal right to see it from all three bureaus at no cost to you on a yearly basis.
The difference is that sometimes you may have to pay. In some instances you wont but most of the times you will have to pay to see the score because it is believed to be a direct correlation between your score and your chance of defaulting on any financial responsibilities that you have.
The lower your score the more chance there is of you defaulting, the higher you score, the less chance you have of defaulting. This is how it is looked at when you are trying to get a loan or anything else that requires people to look at your credit score.
When it is figured it is based on over eighty factors and on the contents of what is in your report. Your free scores are not in any way fixed and can be changed with any new information.
Here are some of the factors that will determine your free credit score.
One: Your payment history and if you have been paying for your responsibilities on time.
Two: The number of accounts that you have will affect your score.
Three: The amount of credit you have used in relation to the total financial limits you have.
Four: Length of your credit history.
Five: The number of times someone has inquired about you.
Six: When bills are sent to collection agencies this will affect you.
Seven: Any bankruptcies or legal judgments that you have against you.
You need to know how your free credit score is determined because this is just as important as the score is. When you know this information you will have a much easier time of managing your finances so you can get the better loans at the lower interest rates that you want or need.
When you want to know what your credit is you can request your free credit score at the same time that you request your report.
Related Tags: credit score, free credit score
Craig Thornburrow is an acknowledged expert in his field. You can get more free advice on a Free Credit Score and Free Credit Score and Reports at http://www.creditscoreexplorer.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are
