December 27th, 2010 
admin 
Zach Ford asked:
The most important step you can take to improving your finances is to become acquainted with your FICO credit report. By learning what your FICO score is, and working towards improving and maintaining it, you can receive better interest rates and more favorable terms on loans, saving you thousands of dollars. Your FICO is like your financial report card, showing potential lenders, landlords, and even employers, exactly how well you manage your money.
There are tons of factors which can negatively contribute to your personal FICO credit score, some of which may not be your fault, such as errors, out-dated information, or fraudulent entries. This is why it is so important to request a copy of your report at least once a year, to check for any erroneous entries. Any errors can be reported to the proper credit monitoring agency to have them immediately removed, giving your credit score a quick boost up.
FICO scores generally range between 300 and 850, with 850 representing a perfect credit rating. The average American has a credit score somewhere in the 680 to 720 range, which is considered by most companies to be a good rating. So where does your FICO credit rating stand? Luckily you can find out for free, once per year, thanks to the Fair Credit Reporting Act, which legally entitles you to a copy of your report. Most free credit report websites will offer you additional services along with your FICO credit report, however there is no obligation to purchase these services in order to view your free report.
Randall
The most important step you can take to improving your finances is to become acquainted with your FICO credit report. By learning what your FICO score is, and working towards improving and maintaining it, you can receive better interest rates and more favorable terms on loans, saving you thousands of dollars. Your FICO is like your financial report card, showing potential lenders, landlords, and even employers, exactly how well you manage your money.
There are tons of factors which can negatively contribute to your personal FICO credit score, some of which may not be your fault, such as errors, out-dated information, or fraudulent entries. This is why it is so important to request a copy of your report at least once a year, to check for any erroneous entries. Any errors can be reported to the proper credit monitoring agency to have them immediately removed, giving your credit score a quick boost up.
FICO scores generally range between 300 and 850, with 850 representing a perfect credit rating. The average American has a credit score somewhere in the 680 to 720 range, which is considered by most companies to be a good rating. So where does your FICO credit rating stand? Luckily you can find out for free, once per year, thanks to the Fair Credit Reporting Act, which legally entitles you to a copy of your report. Most free credit report websites will offer you additional services along with your FICO credit report, however there is no obligation to purchase these services in order to view your free report.
Randall
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