Top 3 Reasons Why You Should Check Your Credit Score

 Top 3 Reasons Why You Should Check Your Credit Score

We talk about ways to save money. We share coupons. And now we’re going to get into being financially smart with your money. What’s the point of saving money by using coupons or other frugal tips and you miss out a KEY factor in being a better steward with YOUR money?

The economy of today’s world is tough, and even tougher if you do not have credit. Credit is used on a daily basis all over the world to buy something. Therefore, having a good credit portfolio is important and will make or break your buying power. It is important that you check your check your credit score on a routine basis.

Reasons Why You Should Check Your Credit Score–

1. Employment- Did you know that prospective employers check your credit report? This is especially significant when hundreds of people may be applying for the same job. A prospective employer will look at your credit report to see if they can find something that will go against your good name. If you find something on your credit report, you can dispute it. If you should happen to win the dispute, the information will be deleted from your credit report. When this occurs, your credit score will go up.
2. Errors- Often companies make a mistake in informing that certain bills are up to date. This can cause a problem in your credit rating, as you will appear to be a spendthrift and not able to pay back what you have borrowed. In fact, many credit reports contain significant errors that drag your FICO score deeper into the dirt. The only alternative is to try to get these fixed. If you happen to ask friends and co-workers, they will tell you that their reports also contained errors, if they have indeed, looked at their reports as well.
3. Loan Approval- The most important reason for requesting a credit report is to apply for a loan. Applying for a credit report will not cost you a cent. Many people put this request through yearly, and check for inconsistencies in the report. A credit report that contains errors that have not been corrected will determine whether you get loan approval or be denied.

With Credit Sesame you will get a FREE copy of your credit report. Plus they will send you monthly monitoring reports for FREE. We are looking to refinance our home in about a year or so, so this is really important that we are watching everything on our report and paying stuff down! Using coupons have helped tremendously on paying down debt, but monitoring and watching my credit score is a big piece of the cookie!

You can register with Credit Sesame, FREE with no credit card required (I like that!) You will only get 1 email per month with your monthly report and that’s it!

Therefore, jump on board the credit score train and seek out your free credit report now. It will be a step in the right direction in improving your finances.