Free_Credit_Report_and_Credit_Score by MarijanStefanovic

VIEWS: 8 PAGES: 2

									Title:
Free Credit Report and Credit Score

Word Count:
412

Summary:
Free Credit Report and Credit Score indicate the creditworthiness or
financial position of a person. Initially there was strict prohibition to
disclose the credit report and score.


Keywords:
free credit report,credit score,credit report and credit score,credit
report


Article Body:
Free Credit Report and Credit Score indicate the creditworthiness or
financial position of a person. Initially there was strict prohibition to
disclose the credit report and score. But due to development in business
skills and policies many retailers and lenders extend credit facilities
to their customers. In order to secure the credit transaction they demand
for credit report and score to know whether the borrower is financially
sound or not.

It is quite obvious that bad credit can affect one's credit flexibility
but good credit report can help to get better credit extension. The
credit report and score has long-lasting impact in all the ways of your
life. So it is better to check your credit report and score and try to
improve it. You may also repair your credit report and score periodically
as repairing can eliminate many bad remarks that exist in it.

There are credit bureaus that maintain the credit report of every person.
These credit bureaus collect the information from various sources like
department stores, collection agency, lenders, financial institutions,
etc. But now due to development in online services one can easily get
free credit report and have a glance look at his/her credit records.

Understand your Credit Report
One should thoroughly understand his/her credit report so as credit
score. If it is not possible to understand it personally take the vital
help from and credit report service agency. Once you understand your
credit report maintain a well-structured record, as it can be used as
future references.

What is Credit Score?
Credit Score is the statistical data that clearly show your financial
position. It not only indicates your financial position but it also
indicates your bankruptcy and many other negative remarks. It is
generally 3-digit number, which is based on your credit report. In fact
there is not so much difference between credit report and score.
Usually the credit score ranges from 300-750 but the average credit score
lies within 600-750 which is regarded as good credit score. Person below
this average range must try to increase their credit score.

Considering its vital importance one must always try to improve his/her
credit report and score. Now day’s credit bureaus provide credit report
and score through online service. With the help of online services one
can easily get the free copy of credit report and check credit report
rating, which can act as an obstacle if not favorable. So it is advisable
to order credit report instantly.

								
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