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In this high-tech world where everything is based on numbers, it’s a good idea to know your personal credit score.  Every day, we here about more and more people losing their life savings to identity theft.  And in the end, we all lose.  However, there is a way to stay on top of your credit score.  You can get a Free Annual Credit Report from any of the three major credit bureaus.

The three major bureaus are Equifax, Experian, and TransUnion.  Each of these bureaus will give you a free credit report, so you’ll know if someone has been using your name to get credit cards, airline tickets, or making any other major purchases.  They will also tell you whether or not your score is high enough to safely apply for a home or business loan.

Each of these companies look into your credit history and assign a credit score number to you.  However, not all of them will give you the same number, so it’s important to know what those numbers are as these are the facts that your creditors will be looking at.  This can mean the difference in the interest rates you’ll be paying on your loans, and the premiums you could end up paying for your insurance.

You shouldn’t take a chance with your personal credit score.  If you stay on top of your credit, and get a Free Annual Credit Report, you’ll always know just where you stand financially.  If your creditors are going to check into these numbers, shouldn’t you know what they’re looking at?  Don’t hope for the future.  Take matters into your own hands and stay on top of your credit score now.

Have you been thinking about applying for a loan?  Before you do you should check your Free Annual Credit Report.  Are you wondering why you’re insurance rates keep going up?  When was the last time you checked on your Credit Report?  Most people don’t realize that their credit score is more than just a number.  It’s what creditors look at when you apply for a loan, or what companies look at when you’re thinking about buying a large appliance.  Even your insurance company looks at your credit score and adjusts your premiums based upon that number.

So, what is a good credit score?  The higher the number, the better.  Anything over 700 is great and you shouldn’t have any problems getting that loan.  620 is considered about the cut off point, and anything below that will cause you to pay higher interest rates on the things you buy, including insurance and appliances.  If your credit is below 620, you could end up paying thousands of dollars a year more in interest rates.

To improve your credit score, follow a few simple guidelines.  Always make sure you pay your bills on time, especially credit card bills.  Even by being a day late, you could be doing damage to your score.  Also, pay more than the minimum balance.  This tells these companies that you’re serious about keeping on top of your credit.  Another thing that creditors look at is how long you’ve had credit.  The further back they can go in your credit history, the better.

When it comes to looking to the future, make sure you know what’s happened in your past.  Stay on top of your current Credit Report so you won’t have to worry about paying high premiums or being turned down for a much needed loan.  When your creditors see that you’ve got a good credit score, they’ll be more than happy to put a little more back in your pocket.