Identity theft protection is critical in today’s society. Identity theft occurs when a dishonest person acquires your personal information, such as your social security number, and uses it to commit fraud. Oftentimes, the identity thief will use this information to obtain a credit card in your name and go on a spending spree. Once your identity has been stolen, getting things straightened out can be a time consuming and difficult process. Obviously, identity theft protection on the front end is better than having to clean up the mess from identity theft on the back end. Read the rest of this entry »
Archive for the 'Credit Report' Category
Credit scores can be confusing. Virtually everyone has a credit score, but most people don’t know what their credit score is, or what constitutes a good credit score vs. a bad one. In a nutshell, credit scores typically fall in a range between 350 and 850. Credit scores above 700 are considered very good (the higher the better), while credit scores below 600 are generally viewed as pretty bad. Credit scores between 600 and 700 are marginal, meaning you may still be able to be approved for credit, but it will likely cost you more than it would if you had a high credit score. So if your credit score is in this marginal range, you want it to be as close to 700 as possible.
So how can you find out what your credit score is? Read the rest of this entry »
Getting a free credit report is easier than ever before. Your credit report is one of the most vital pieces of information about you, and it is important to make sure the information in your credit report is accurate. Not only does it affect whether or not you can borrow money, and what interest rate you will pay, your credit report is also used by Read the rest of this entry »