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(EMAILWIRE.COM, February 22, 2012 ) New York, NY - Using the words “free” and “credit” in one breath may appear ironic. After all, these days, nothing seems to come for free. But the website http://freeannualcreditreportonline.info/ proves this notion wrong. Some things are still free and these can include your credit score.
A credit score is simply a gauge to determine the creditworthiness of a borrower or his ability to pay his debts. This is a useful tool employed by lenders like credit card companies, banks and financing companies, to evaluate the potential risks in lending money to a particular customer.
Several factors are considered in determining a personÂ’s credit score. These can include the following: payment history (whether or not payments are made on-time), credit utilization (part of the credit limit used), length of credit history, types of credit used (mortgage, installment, consumer finance or revolving) and past credit applications.
But would anyone really bother collecting these information to determine his credit score for his personal consumption? That would be too tedious. And the credit score that will be obtained might not be accurate anyway. This is where freeannualcreditreportonline.info comes in. It does the work for you, for free!
http://freeannualcreditreportonline.info/ is a website that gives you your credit score with just one click and without shelling out any money. By clicking on the website, you are also enrolled on Free Credit Report Gov where you can have access to your credit report. The website provides you with a one-stop shop for checking your credit scores from the three major credit bureaus namely, Experian, Equifax and TransUnion. Scores are classified as follows:
• Great – 750
• Good – 685
• Fair – 590
• Poor – 350
The value of knowing oneÂ’s credit score may not seem apparent. But it is necessary to know your score as it gives you the leverage on various aspects of your life. For instance, you can get more competitive rates for loans, mortgages, job offers, credit card offers and insurance premiums, among others, if you have a good credit score. In effect, a good credit score brings you more money by helping you save on excess costs.
Having access to your credit report also makes you aware of the things that affect your credit score. For example, did you know that a mere skipped installment payment can already affect your credit score? Basically, reviewing your credit report allows you to personally analyze how your debts are affecting your finances. It also guides you on how you can improve the financial aspect of your life. Monitoring your credit reports and credit scores allows you to track and analyze your progress and improvement towards the goal of achieving an ideal credit score that lenders would find favorable.
So if you think that a credit score is a non-essential in your life, think again. You need this information. YouÂ’ve got nothing to lose anyway. With just one click, http://freeannualcreditreportonline.info/ can provide you with your credit score for free.
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