Is Your Credit Score Being Held Against You?

Credit Scores That Hurtenough to to cause a consumerto be turned down for
Is your credit score being held against you?a loan or job.
More and more the staples of life depend on yourTo counteract the erronius information on your credit
credit score. Your mortgage, insurancescore you should review your FICO scoresat least
premiums,employment opportunities and even youronce a year, or several months before applying for a
landlord may be using your credit score to determineloan. Check for negative info, errorsor any suspicious
yourfinancial future.activity that may suggest identity theft. The best place
In some cases even the utility companies are basingto check is
the size of your deposit on your credit score.The three major credit bureaus will also sell you your
Landlords are determining your reliability as a tenant.credit reports, but they're not as reliablebecause none
Insurance companies are setting the size ofyourof them provide your FICO scores with your credit
premiums based on your credit score. Many morereport.
employers are also using your score todetermine yourThe best strategy to stay on top of your credit
reliability.information is to pay the extra money to get your
According to a 2004 survey by the U.S. Public InterestFICO scores. Also apply for your free credit report
Research Group, 25% of credit reportswhich list yourfrom one of the three credit bureaus everyfew
credit and borrowing activities, had errors seriousmonths. Moniter any new activity.