If you plan on ever buying anything, a car, a house, anything, your credit score is going to be incredibly important for you. Your credit score is the only way a financial institution can really judge whether you are capable of making the payments on that loan. Sure, the information you submit to them also helps (after they confirm the information), however, if you have a bad credit score – all the information you submit is a waste.
Because how important your credit score is and how immediately your credit score can effect your lifestyle, new laws have been passed to protect you. The new laws give you full rights to know exactly what is your on credit report. If you find something on your credit report that is false, you have the legal right to contest it.
If you feel that you have been unjustly denied for credit, it is very important that you immediately check your credit report and go through it in great detail. If you find anything that looks false, immediately look into it and prepare to contest it.
Checking your credit report is actually very easy! There are now multiple sources online that will give you your credit score, many of them for free. Either way, you do have the right to check your credit score at no cost once a year with each of the three reporting agencies.
But, make sure you remember that any check past the 1 check does count against you. This means that you OR any agencies checking your credit will count against you if done in excess. The thinking behind that is that if you keep checking your credit or if too many agencies are checking your credit, this basically means that either you are applying for too much credit in too many places or that you are personally nervous about your credit score!
The 3 major agencies that you want to check your credit score with are Equifax, Experian and TransUnion. Any check past the 1 free check a year will cost you a small fee with each organization.
It is also important to note that each of these organizations are separate entities and that you must check the report on all of them and not just one of them.
If you want to get your credit report online, then be prepared to provide some personal information like Social Security number, because this is necessary for them to check your credit score.
This also makes it important for you to use an accredited resource and do not just start giving your information any where-