This is one of the most popular questions I have been asked by my clients. The answer I usually give them is yes, as long as they are able to avoid the mistakes that are commonly made by misinformed people. It is very important for you to check on your credit score, also known as the FICO score, as it will help you in the management of your finances and the maintenance or improvement of your credit rating. Many financial companies and institutions will use the credit score to establish if you qualify to be given a loan or any service. Therefore, keep ensuring that your credit rating is high.
Many of my clients are usually flabbergasted when they learn how the Fico score plays a big role in their lives. Many people know that the score is a major determinant when they want to borrow money or get a credit card. What they do not know is that the score is also an important factor when it comes to renting an apartment, getting a cell phone and even getting a job. It is true that some landlords, car dealerships, cell phone companies and employers use the credit rating to determine how well the client manages their finances. The score is also a determining factor in the interest rates they will get on loans meaning that a bad score can cost those thousands of dollars annual as a result of higher interest rates.
With this information, let me tell you how you can check the credit score for free. The one of the best ways for you to check the score is through the internet where you will find a number of reputable credit reporting agencies that have been approved by Better Business Bureau that will allow you to find out your score without any charges. You will also benefit from extra services such as identity theft protection that are offered. To find exactly where your credit stands, you should check your credit score.