Would you know your credit score ? Until a fewmonths ago I had no clue what a credit score was or what I could do for you.
To put it simple a credit score is used by banks,credit card and cataloge firms to make sure you will pay money back and you are not a bad money lending risk. Like most people I had a few loans and credit cards and sometimes because I had not set up a direct debit I would be late paying my payment to these people, not a big deal just being afew days late but all this information is being recorded against your name. On
checking my credit score I could see how many late
payments I had made and who had been checking my credit score. A credit score ranges from 0 - 1000. The higher the score the more chance you have of being accepted for further credit etc. Every time you make a late payment you will get a minus number added to your overall score so future lenders know you have made late payments etc. Viewing your credit score is also a good way to detect fraud which has been carried out by someone else who is using your name. It is estimated it takes 1 Year or 400 Hours to clear your name. To view your own credit score I use a service called Experian.com. It is well worth checking out their site for free information and a lot of the time they will give you 30 days free access to your report. Its well worth checking them out as it could save you ¤1000's if a fraud was going on.
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