| Checking your free credit score regularly will benefit | | | | decide to go apply for a new car, because you need |
| you because your credit changes every 30 days. You | | | | one and they are advertising low interest rate loans. |
| are probably asking yourself what do you mean your | | | | To your surprise because of this particular creditor's |
| credit changes every 30 days. Well the creditors you | | | | mistake, you get denied because your credit score is |
| have obligations with re-report your credit status every | | | | too low. Believe it or not this is a very common issue |
| 30 days usually to all 3 credit bureaus. If you had a | | | | out there. 1 in 4 credit reports have mistakes that |
| credit card with a credit limit of $4000 and a balance | | | | cause low credit risk people to get denied. I hope I |
| of $2500 and you charged another $500 on your card | | | | have convinced you to stay on top of your credit. |
| your balance would change along with your credit | | | | Oh, pulling your consumer credit report does not affect |
| score as well. Since creditors report any changes with | | | | your credit score at all. It is considered a soft pull. With |
| your credit report every 30 days, you probably should | | | | all that I just discussed, I would assume you are not |
| check you credit report once every 3 months. | | | | independently wealthy. You probably need to save as |
| It would probably not hurt to pull your credit report | | | | much money as possible so you can retire someday. |
| every other month. There is a lot that can happen to | | | | With your credit being in good standing you will save |
| your report within a 30 day period. The point I am | | | | on interest rate charges, therefore being able to save |
| trying to make is if you are managing your credit | | | | more. Stay on top of your credit and start saving |
| properly, and want to be aware of your credit score, | | | | today. There has never been more of a sense of |
| you need to check it often. Anything can happen to | | | | urgency to make sure you are getting the grade in this |
| your credit within a 30 day window. Let's assume one | | | | digital age. When I say getting the grade, I am talking |
| of your creditors accidentally reports a late payment | | | | about your creditworthiness. With everyone wanting to |
| on your credit report, and you actually were not late. | | | | know your score, you might want to get your free |
| Because of this mistake on your creditors behalf, they | | | | credit score today. |
| just dropped your credit score 100 to 150 points. You | | | | |