Credit Score Secrets – How to Raise Yours Now
In most contexts, the word good means the morally right course of action, when confronted with a decision between good and bad options. Good is usually perceived to be the opposite of bad, and is therefore of interest especially in the area of philosophy, religion, ethics and morality. Defining what good is becomes an important concern for many people, especially those in positions of power and authority, when public debate, political engagement or economic hardship calls for their view of right and wrong. This is especially true in a world where social norm and individualism are advocated, and it is also an issue in education, workplace and child care settings.
Good has sometimes been viewed as synonymous with appropriate, which can lead to some confusion among those in positions of power and influence. For example, many banks and mortgage lenders, while insisting that they take a “hands off” approach to their lending practices, often suggest that good borrowers have good consumer credit scores and favorable debt and financial history. While the lending industry would like for this to stand without argument, lenders know that good borrowers can be more prone to default on their loans and create problems for the lenders as a whole. Therefore, it stands to reason that good borrowers are more likely to raise good scores and get good terms by avoiding defaulting on their loans.
The Fair Credit Reporting Act (FCRA) gives consumers the right to request a copy of their Experian, Equifax, or TransUnion credit report annually. To access your credit report, you may need to contact each of the three reporting agencies by phone or online. You will need to provide your name, birth date, social security number, address, phone number and date of birth. Experian is the nationwide credit reporting bureau; Equifax is the country’s largest lender; and TransUnion is the country’s third largest lender. Each of the credit bureaus publish a credit score on their website for free. It is highly recommended that you receive at least one copy of your credit report from each of the three bureaus annually.
You can access your Experian, Equifax, or TransUnion credit reports credit report at any time through the internet. There are a variety of ways you may be able to access your reports and scores. While Experian offers a free trial, you will have to pay for an annual subscription to receive all your reports, scores, alerts, and tips via email. You may also access your Experian and Equifax credit scores online through their official websites.
Your credit scores will influence many aspects of your life. Home loans, insurance, auto loans, cell phone service and more can all be affected by your credit mix. For example, if you have a very poor credit mix, it is more likely that you will be rejected for most types of home loans and auto loans. Likewise, you will find it more difficult to obtain credit and find affordable prices for most items and services.
Most consumers don’t know how to access their credit scores, so they don’t make the changes that they need to make in order to improve their scores. Those who know how to access their scores quickly will save themselves a lot of hassle and frustration with lenders. Lenders are required by law to give people the ability to see their credit report. If you don’t know how to do this, it is best to contact reputable lenders immediately, because lenders may deny credit to individuals who do not have enough accurate and current financial information.