Credit Personal Finance Wealthy 

10 Reasons Why Your Credit Score Is Like Your Report Card Of Life.

  1. A low credit score can cost you thousands of dollars.
  2. Even one late payment can badly damage your score.
  3. Insurance companies and landlords use credit scores to evaluate applicants.
  4. Credit bureau-based scoring systems, which lenders began using in the mid-1980s, use data from millions of borrowers.
  5. Your credit accounts, credit inquiries and public records make up your credit score.
  6. Check your credit report at least once a year.
  7. Identity theft is every consumer’s worst nightmare.
  8. Use a document shredder to prevent identity theft.
  9. If bankruptcy is your only option, use it.
  10. Errors in your credit report won’t fix themselves. Take action.

 

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Source(s)

  • Your Credit Score.  How to Fix, Improve, and Protect the 3-Digit Number that Shapes Your Financial Future.  Liz Pulliam Weston
    FT Prentice Hall, 2007. Pages: 224
  • Photo by iStock

 



 

 

Summary
10 Reasons Why Your Credit Score Is Like Your Report Card Of Life.
Title
10 Reasons Why Your Credit Score Is Like Your Report Card Of Life.
Description
Why your credit score is so important? Learn how to fix, improve, and protect the 3-digit number that shapes your financial future.
Author
Publisher
NeoCitizen
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