Free FICO Score Credit Report - Monitor your Credit Scores Online

Sept. 21, 2010 - PRLog -- Under specific provisions of the U.S. Fair Credit Reporting Act, a free FICO score credit report is your right as a U.S. citizen.

Obtaining your copy of your report is an important step toward improving your score. Your free report will reveal your current score as it is calculated by the three nationwide credit reporting agencies. All three agencies use the same formula to calculate your score, but variations in your score will arise from agency to agency given that each of them has access to slightly different information about your financial background.

Improving your score by just 50 points can save you thousands of dollars annually in reduced debt payments. The reason for this is that the interest rates for which you qualify for large loans like home or auto loans are based directly upon your credit score; a better score can mean literally saving hundreds per month in debt payments.

Get your Free Credit Report online - http://www.creditcardbankaccount.com/free-credit-report.html

Order your report from the Only Authorized Source: The United States Fair Credit Reporting Act (FCRA) guarantees your right as a U.S. citizen to a free FICO score credit report. This is a service implemented jointly by the Big Three credit bureaus. You can find more information about this service by doing a search online.

Immediately Request Corrections to Any Errors: If you have not ordered your credit report in a while, it is likely that there are one or more errors on your report. There may be errors regarding your payment history, your identity, your address history, or other information. Be sure to have these errors corrected immediately by contacting the reporting agency directly.

Monitor Your Score Regularly: You can obtain your free report once every 12 months. However, there are many legitimate Web sites that for a fee will offer you the opportunity to monitor your credit scores on a monthly basis. Some will even send you automated updates when there are significant changes to your score. Signing up for these monitoring services is a wise way to keep tabs on your financial health.

Work to Improve Your Score: There are a number of things you can do to improve your credit score. In addition to correcting obvious errors, a recommended initial action is to work with creditors to clear up past-due payments and have mention of them removed from your report.

Your credit report works like a financial bill of health that creditors use to determine how much they will charge you for loans or even to determine your eligibility for loans. Take advantage of your right as a U.S. citizen to obtain your free credit report. Then, do what is necessary to improve your score. Doing so is literally money in your pocket.

A 50-point improvement in your FICO score could save you $1,000s in annual debt payments.

Get your Free Credit Report online - http://www.creditcardbankaccount.com/free-credit-report.html

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