Your credit score is very important. Don’t wait until you are in a bind and need better credit – now is the time to take action! Maintaining a good credit score helps to ensure stability and security for you, and your family. This is 100% free, and no credit card is required. So do it today!
What Your Credit Score Can Do
It is very useful to know your credit score when you: want to lower your interest rate; need to increase the credit limit on credit cards; purchase a car or home; or apply for loans, employment, or housing. Your Score Free can give you peace of mind so when these things come your way, you won’t be in the dark.
Factors Affecting Your Credit Score
Credit agencies compute your score based on information from your credit report, primarily broken down into 5 different factors: payment history, amount owed, duration of credit history, recent credit, and additional, minor factors.
Why Your Credit Score Matters
Keeping up with your credit score is the first step in maintaining an excellent credit rating. Your credit score is a number that helps lenders and others predict how likely you are to make your payments on time, and affects whether you can get credit.
What is a Credit Score?
A numerical value lenders use when assessing whether they are willing to offer you credit. Lenders and financing companies take a variety of factors into consideration when making that decision, but a credit score gives them a fast, fairly objective indication of your credit risk.
Credit Reference Agencies
It is a good idea for individuals to review their credit reports at least once per year, in order to ensure that the reports are accurate. You can get a credit report from each of the three nationwide credit reference agencies: Equifax, Experian, and Callcredit.