Getting a Free Credit Report - Your First Step to Financial Security

Oct. 3, 2010 - PRLog -- There's no doubt that we live in financially perilous times. Limited job security, a high foreclosure rate, and a stalled economy confront us in the news daily. With all the financial bad news it is more important than ever to keep our credit on a secure footing. Credit reports are like a passport. Without them we are going to be turned away by lenders when we need them the most. Having a copy of your credit report allows you to see what the banks and credit card companies see. This is definitely a case where what you don't know could hurt you.

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

Your credit report includes many different facts about you. This might be any bills that you haven't paid or paid late, what kinds of debt and loans you have, bankruptcies you may have filed, loans you have, and credit cards you have, as well as how much money you owe. Having a high or low credit score can have a significant impact on any major life decisions you make such as buying a home, purchasing a car, or borrowing money for college.

Most of us don't think much about our credit score until it comes to the time we actually need it. But businesses do look at them and these days the reports are used more and more frequently. It is not only banks who are looking at them, but insurance companies might review your credit before they give you car or health insurance. Even employers may check a potential candidate for employment's credit history to see whether they are stable or not. You could have been through check if you were renting an apartment from someone.

A credit report is insider information and it's about your life. If large corporations are privy to this information you should have it on hand as well. An inaccurate report can have a seriously detrimental effect on your credit. If you are in the process of trying to get a loan to close on the home of your dreams poor credit can lead to a missed closing and you will have to go to the credit reporting service to correct a complaint.

If you monitor your credit score more consistently you can be alert to any type of information that is going to harm you as soon as it comes up rather than waiting until good credit is crucial.

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

# # #

One stop resource website of credit, loan, insurance, mortage and bank account services to help you save money.