One important aspect of everyone's financial life is understanding your credit history. You should take advantage of getting credit reports for free
You should get your online instant credit reports to make sure you are not a vicitim of indentity theft.
-the fastest growing crime in America today is identity theft.
-it takes on average about 12 months for a victim of identity theft to notice the crime.
-last year alone, 9.9 million people became victims.
These services allow you to monitor your free online credit reports on a regular basis to detect any transactions that are not yours and to stop identity theft and fraud before it gets out of hand and seriously damages your credit rating.
There are 3 major credit reporting agencies, Equifax, TransUnion and Experion. These agencies each have a credit bureau on you as well as their own credit scoring system, and as these credit bureaus do not share information, your credit reports and your credit reporting scores may all be different. You should take advantage of instant free online credit reports
Credit Scores are very important because they are one of the major factors a lender will use in order to determine your credit worthiness. This scoring sum is used by lenders as an indicator of how likely you are to repay your loans. They will determine what you interest rates are on mortgage, car loan and even credit cards.
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