| Credit Reports with no Credit Scores are | | | | your credit, what are they looking at? They |
| useless. Have you got your credit report | | | | look at your score first; your credit score |
| lately from ? If you did, it did not come | | | | is how the 3 Credit Bureaus measure your |
| with your Credit Scores. Have you ever | | | | creditworthiness. The same goes for anyone |
| wondered if you really needed to know your | | | | that wants to see your credit report. They |
| scores? In this article I will discuss how | | | | look at your credit score as well. Your |
| important it is to know your Credit Scores. | | | | credit history is important, but when it |
| | | | comes to getting loans, your credit score is |
| Here is a list of people that look at your | | | | what determines whether you will get the |
| Scores to determine your likely hood to pay | | | | loan. |
| back a debt. | | | | |
| | | | All Credit Scores have one thing in common: |
| 1. Electric Companies | | | | they read the data from your credit report |
| | | | and predict your future credit performance. |
| 2. New Employers | | | | The scores indicate the probability of you |
| | | | paying back your bills in a timely manner. |
| 3. Mortgage Companies | | | | These credit scoring models used by all 3 |
| | | | credit bureaus are extraordinary at |
| 4. Banks | | | | predicting what kind of risk you propose to |
| | | | potential lenders. Since lenders know this, |
| 5. Car loan companies | | | | it is very important you know as well. Since |
| | | | you now know how important it is to know your |
| 6. Credit Card Companies | | | | credit score make sure you get a credit |
| | | | report with your scores. It does not hurt |
| 7. Insurance Companies | | | | your credit to check your report every 60 to |
| | | | 90 days. |
| 8. Cell Phone Companies | | | | |
| | | | So the conclusion to all of this is yes you |
| 9. Its not uncommon to have your new spouse | | | | need to know your scores. If most creditors |
| check your personal credit score | | | | determine whether they will extend credit to |
| | | | you based on your 3 scores, I would recommend |
| It is amazing how just about everyone that | | | | you learn them quickly. You might have good |
| provides a service to you these days wants to | | | | scores and not even know it. This is the type |
| know your credit risk. Your personal credit | | | | of customer creditors love, they can make |
| is not longer a secret; it's a part of our | | | | more money on you because of you lack of |
| everyday life. So if all these companies pull | | | | knowledge. |