Maintain a positive credit score to avail loans on time!

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Maintain a positive credit score to avail loans on time!

Posted On : Jul-28-2011 | seen (1125) times | Article Word Count : 352 |

An annual credit score is very important since it contains complete information about your past payments and debts and in fact the complete financial history pertaining to the last 7 years. You can request for a free credit score report whenever the need arises, and the credit bureau may not charge you for the primary report. But yes, you have to pay later on for the others. You can create a free credit report from any one or all three of the major credit bureaus, namely Equifax, Transunion and Experian. The reports are genuine and up-to-date and if you have ever had credit transactions, borrowings and repayment; all of these will be included in your credit score report.
Obtaining a free credit score online is one of the best concepts to improve your credit score since a low or negative score can land you in financial trouble. Moreover, even good bureaus can make mistakes while entering information and data and there can be errors in your credit report. This can obstruct your financial flexibility and loan options for no fault of yours. So it is better to prevent any such mishap from happening by checking on your scores regularly. Some people have the misconception that checking scores can reduce their ratings, but this is far from true. Checking does not harm your credit score. In fact regular and timely checking of credit score helps improve the credit score rating of an individual.
Many lenders and financial institutions ask for the credit score of an individual as a matter of rule before approving a loan. This helps them ascertain whether the customer is worthy of a loan approval or he is always in debts and is bad in repaying as well. Another purpose of free credit score is to eliminate bad debts they may involve in the new transaction process. If you have bad or low credit score, most lenders will abstain from extending credit facilities to you. Therefore if you desire to get loans and credit facilities on time, maintaining a positive and good credit score report is a must.

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<h1>Maintain a positive credit score to avail loans on time!</h1> Author: <a href='http://www.articleseen.com/profile_Kirti Joshi.aspx'>Kirti Joshi</a> An annual credit score is very important since it contains complete information about your past payments and debts and in fact the complete financial history pertaining to the last 7 years. You can request for a free credit score report whenever the need arises, and the credit bureau may not charge you for the primary report. But yes, you have to pay later on for the others. You can create a free credit report from any one or all three of the major credit bureaus, namely Equifax, Transunion and Experian. The reports are genuine and up-to-date and if you have ever had credit transactions, borrowings and repayment; all of these will be included in your credit score report. 
Obtaining a free credit score online is one of the best concepts to improve your credit score since a low or negative score can land you in financial trouble. Moreover, even good bureaus can make mistakes while entering information and data and there can be errors in your credit report. This can obstruct your financial flexibility and loan options for no fault of yours. So it is better to prevent any such mishap from happening by checking on your scores regularly. Some people have the misconception that checking scores can reduce their ratings, but this is far from true. Checking does not harm your credit score. In fact regular and timely checking of credit score helps improve the credit score rating of an individual.
Many lenders and financial institutions ask for the credit score of an individual as a matter of rule before approving a loan. This helps them ascertain whether the customer is worthy of a loan approval or he is always in debts and is bad in repaying as well. Another purpose of free credit score is to eliminate bad debts they may involve in the new transaction process. If you have bad or low credit score, most lenders will abstain from extending credit facilities to you. Therefore if you desire to get loans and credit facilities on time, maintaining a positive and good credit score report is a must. About the Author: Purpose of <a rel="nofollow" href="http://www.creditscorequick.com/">free credit score</a> is to eliminate bad debts they may involve in the new transaction process. If you have bad or low <a rel="nofollow" href="http://www.creditscorequick.com/">credit score</a>, most lenders will abstain from extending credit facilities to you. Article Source: <a href='http://www.articleseen.com/Article_Maintain-a-positive-credit-score-to-avail-loans-on-time!_69385.aspx'> http://www.articleseen.com/Article_Maintain a positive credit score to avail loans on time!_69385.aspx</a>

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Purpose of free credit score is to eliminate bad debts they may involve in the new transaction process. If you have bad or low credit score, most lenders will abstain from extending credit facilities to you.

Keywords : Credit score, Free Credit Score, Credit Reports,

Category : Finance : Credit

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