ID Theft and Identity Theft Prevention

ID Theft and Identity Theft Prevention

Identity theft affects over 9 million Americans alone each year. As the degree of damage varies from individual to individual, the lasting effects are nearly the same. ID theft ultimately affects your credit score. And in many cases ID theft can cause major damage without the victim even realizing it at first. Identity theft can occur simply by a ID thief obtaining a person’s identifying information such as their name, Social Security numbers, credit care and other account numbers and more.

There are many ways thief can use a person’s identity and not just so they can steal money and buy home theater systems or take lavish vacations, like the recent college-aged thieves caught after years of stealing credit to finance expensive vacations, but many will even steal such information for paying their own rent, telephone bill or even checking out books at the public library.

There are many ways in which an identity thief can obtain your information. Many of the methods used more frequently include going through your trash, going through your mail and stealing a credit card statement in order to obtain your credit card number, email scams, stealing purses and wallets, and even an employee at a restaurant or store jotting down your credit card number as they are running your card.

These events and more can really damage a person’s credit report and overall score which could take a while just to get back in order.

So how can a person protect themselves from identity theft? The most effective way to combat identity theft is to check your billing statements regularly as well as monitor your credit report regularly. Monitoring ones credit does not have to occur daily. But, if done on a monthly basis, one can see any discrepancies on their credit report soon after a potential identity theft occurrence appears on their credit report or billing statement.

Despite the fact that the ID theft occurrence may not be entirely the credit holder’s fault, the lasting effects become that victim’s responsibility to discover and fix. However, there are now services that provide identity theft protection which can be found in more detail at our site. These services can help you keep a close eye on your credit and all identifying information and help prevent identity theft overall.

S. Michael Windsor is currently publisher and a writer for myCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.myCreditScoreNetwork.com and subscribe to our FREE Member services.

FICO Scores and Your Credit Rights

FICO Scores and Your Credit Rights

 Our credit score and credit report are a couple of the most important things we have when being considered for a loan or more. In many cases, it seems like everything depends on your credit score. This in many ways is very true for everyone as your credit report is what contains everything about you…financially. Knowing this, do credit reports really contain EVERYTHING about a person? If so, couldn’t there be some things that any person may deem as a little risky about any individual or something that a potential lender, employer or landlord just may not like about the applicant? With this in mind, the FTC has actually set some ground rules for those seeking credit, jobs and more. And in order to keep it fair for everyone, they have created laws which protect consumers such as The Federal Fair Credit Reporting Act (FCRA), The Equal Credit Opportunity Act (ECOA), The Fair Credit Billing Act (FCBA), Electronic Fund Transfer Act (EFTA), and The Fair Debt Collection Practices Act (FDCPA).The Federal Fair Credit Reporting Act (FCRA) really enforces the privacy and accurate reporting of information in consumers’ credit reports that are provided by credit reporting agencies. In addition to this, consumers are also given the opportunity to always know who has made an inquiry on their credit as well as give consumers the right to dispute any item on their credit report that they deem as inaccurate.The Equal Credit Opportunity Act (ECOA) is a law that was passed in order to protect consumers from any type of discrimination having to do with religion, sex, ethnicity, marital status or even any public assistance that one may have received in the past. None of this can be considered by potential lenders when a person is applying for a loan. Now, many potential creditors, landlords and more do have the right to inquire about such items with the exception of religion. However, creditworthiness cannot be determined based on any of these facts. In addition, if a person feels they have been discriminated against in regards to one of these factors, then they have the right to receive reasons for why they have been denied credit.The Fair Credit Billing Act (FCBA) is the law that gives consumers the procedure in which to follow if they ever feel as though something is in error on their credit billing statements and EFT statements. This law provides consumers a way to defend themselves if the creditor is in error in regards to either reporting on their statement or the actual delivery of the billing statement. For example, if a creditor does not send your billing statement to a new address and you gave them notice of at least 20 days of your change of address, you would be protected under this act.

The Fair Debt Collection Practices Act (FDCPA) protects those who are being contacted by debt collectors and such. This law protects individuals from any collectors who may be unfair, abusive, deceptive and more in order to collect what is owed on household and personal debts such as car payments or medical payments. Fair Debt Collection Practices Act has created some rules that collectors must abide by such as only calling between 8 am to 9pm, always identifying themselves on the phone, not calling the debtor at their workplace knowing that their employer would not approve of such calls, or any type of tactic that would normally be considered as harassment, lying, cheating or more. In addition, the FDCPA also states that a debtor can stop the collector from calling by sending out a written request for the debt collector(s) to stop calling them immediately.

S. Michael Windsor is currently publisher and a writer for MyCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.MyCreditScoreNetwork.com and subscribe to our FREE Member services.

All About Free Credit Reports

All About Free Credit Reports

 

Obtaining a free credit report is not a daunting task. However, finding the right way that best suits you can save you a lot of time and money when looking into your credit score. There are several ways to get a free credit report. One of the ways is simply visiting one of the three credit reporting companies and simply following their directions at their website. In many cases the free credit report will be provided in exchange for a free trial on your part or something very similar. While this is not necessarily a problem as it has a 30 day money back guarantee period or similar, it can be a slight drawback since there is a bit more responsibility on your part. But, realize that during these 30 days you can really look into your credit report and utilize the additional services these companies can provide at no cost! Now that is a great deal. Better than just a free report with nothing else.

Other ways of obtaining just a free annual credit report can be through the Federal Trade Commission (FTC). If you go to the FTC website and follow the necessary links, you will end up at a form which you must fill out and submit to the FTC. The information the commission wants from you is your name, address, Social Security number, and date of birth mainly. After filling out the form, you can send it over to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281 and wait for a credit reporting company to respond as opposed to instantly through the credit reporting companies directly.For individuals who have been denied credit or similar, they are provided a free credit report through the inquiry on the part of the lender, insurance company or even employer. After receiving this notice, the person inquired upon has the opportunity to receive a free credit report from the company who provided the organization with your credit report. In addition, if a person is currently unemployed and planning on getting a new job within 60 days or are on welfare, they are eligible for a free credit report as well.

Having a good FICO credit score and clean credit report is very necessary in order to obtain quality loans, jobs, insurance, even places to live and it is very important to look at your credit more than just once a year. Monitoring your credit regularly will allow you to find any negative marks and/or errors due to such things as identity theft immediately. It can be quite astonishing how fast unnecessary items can appear and quickly lower your credit score. Many people don’t even notice this until either they get an annual report, if they do, or apply for a loan and discover the problem. Take advantage of the no cost trials consumer credit reporting companies provide and see how easy monitoring your credit can actually be.

S. Michael Windsor is currently publisher and a writer for MyCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.MyCreditScoreNetwork.com and subscribe to our FREE Member services.

Correcting Errors on Your Credit Report

Correcting Errors on Your Credit Report

 

So what do you do if you receive your credit report and there are negative marks on it that you never even had any part in? This very situation has occurred for many individuals already and may very well occur again on someone’s credit report in the near future. If this ever happens to you, what are you supposed to do about it? The road is never easy in this case, but there are indeed ways to correct any errors on your credit report.

If you discover an error on your credit report, the very first thing you should do is contact your consumer credit reporting company that issued your report in writing. Yes, the FTC recommends a written statement be sent to the reporting company. In the letter you should include copies of all the relevant documents required as evidence that it is indeed an error. In addition, the required elements such as your name, address, an explanation of the erroneous situation at hand and why you are disputing the error with all errors that are being disputed circled on the copy of the credit report. Also in the letter, the suggested correction, such as a request to delete the item completely, should also be stated in the letter.

When delivering the letter off to your reporting company, remember to send it via certified mail in order to make sure that you get confirmation that they had indeed received it in the case there is a dispute in regards to someone not even getting the letter. In addition to a certified letter, make sure you make copies of the letter(s) as well in order to keep record on file in the case that there may be a dispute on their end.

After the reporting company receives your dispute letter, they will begin their investigation on the matter, that is, if they deem the dispute as not being frivolous. They will normally begin their investigation within 30 days of receiving your letter. During the investigation, the reporting company will forward all documents and disputes to the organization(s) in question in order for the disputed organization to do their own investigation of why they placed that item on your credit report. Once they complete their investigation, they must then send back their statement on whether it is truly an error or not and support that statement with further evidence of their own.

In the case that the information is indeed inaccurate, then the organization at fault must inform all credit reporting companies of their error and have it corrected. Once this is complete, the credit reporting company will send you a new, updated credit report after the inaccuracy has been corrected.

Now, if your item in question is indeed correct and the organization has the evidence to back it up, then you will also receive a written statement in regards to this issue and you will have an option, for a slight fee, to place a note in your credit report in regards to your dispute about the item. This statement will be provided to all who see your credit report in the future as well as those who already received your credit report.

S. Michael Windsor is currently publisher and a writer for MyCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.MyCreditScoreNetwork.com and subscribe to our FREE Member services.

The Things That are NOT Considered in a FICO Score

The Things That are NOT Considered in a FICO Score

 

These days it seems like everything in our life has something to do with our credit score. But, there are some things that are prohibited from being reviewed when considering a person for credit. Some of the items that are not considered in your credit report include sex, race, single or divorced, your ethnicity, nationality, and religion. In addition to these items, whether or not a person had received any public assistance is not to be included in your credit report when being considered for a loan.

Other factors that are not to be considered in your FICO score include age or location of residence. Also, even though a FICO credit score or credit report may indeed affect a person’s chances of getting a particular job, employment history information including salaries, dates of employment, professions, job titles and employers’ names will not be included in the credit report.

In the case that employers do check a job applicant’s credit, it is important to note that this type of credit inquiry does not affect the person’s credit score. In addition, when your credit is inquired upon by other credit card companies offering “pre-approved” credit offers, this type of inquiry doe not impact your credit score unless you actually fill out the credit application and have your credit report accessed in order to open a new line of credit.

Rent has been another issue when considering credit scores as they normally would not affect a person’s credit score unless any item such as a delinquent payment has been reported to collections. As unfair as it may seem to some individuals, making payments to your landlord in most cases will not be reflected on your credit report. Also, just like rental payment situations in regards to how they affect our credit scores, child support affects your credit score in a similar way. If a person does not pay their child support payments and I categorized as “in arrears”, which simply means behind in payments, then in this case the person’s credit score will most likely be affected by the delinquent child support payments.

Credit scores and credit reports are a tool used for lenders to calculate how much risk they will be taking if they provide financing for that particular person. The FICO score allows an individual to be represented in the fairest way with only those factors which could affect a person’s ability to pay back a loan being considered. This process allows lenders to make quicker decisions based on the actual information they require at a moments notice which provides many benefits to you, the potential borrower, such as lower interest rates, lower fees and not to mention a quick, fair answer to whether or not financing can be obtained and what types are available based on your credit history and relevant information.

S. Michael Windsor is currently publisher and a writer for MyCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.MyCreditScoreNetwork.com and subscribe to our FREE Member services.

How FICO Credit Scores Benefit You

How FICO Credit Scores Benefit You

 

Not too far away in the distant past, it was a lot harder for individuals to obtain financing for a home and more. In many cases, if the lender deemed that there was not enough information about the applicants’ credit history; they would avoid the loan all together in many cases. Today, there is a FICO credit score that provides a benefit in that it allows lenders to take a look into an individual’s past and measure the risk based on the data gathered in the person’s own credit report.

Having a FICO score has proven to be quite beneficial to those who may not have provided enough information in the past and who have all of the data collected by consumer credit reporting companies. This information at the lenders’ fingertips has given lenders the opportunity to provide all people with an equal opportunity to obtain financing for a home, car and more.

In addition to the ease of gathering real information about a loan applicant, FICO credit scores also provides applicants with a timely response on the lender’s part as they consider you for a loan. This speedy process also allows lenders to have the time to consider even more individuals for loans and therefore providing much more opportunities for getting loans for other people. This quick response also helps local businesses as well as retailers nationwide as they, too, can come to a quick decision based on the information provided by consumer credit reporting agencies in regards to allowing a person to open a charge account and more at their store.

The data presented in a credit report is also unbiased and only represents those facts which will contribute to the potential borrower’s ability to pay back the loan. In contrast to practices by some lenders in the past, the unbiased data is what provides many of those people who would not have had an opportunity to get a loan before as the credit score automatically adjusts according to your credit history as well as other factors which will influence the potential risk that the loan applicant could potentially default.

S. Michael Windsor is currently publisher and a writer for MyCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.MyCreditScoreNetwork.com and subscribe to our FREE Member services.

How Do I Improve My Credit Score After Bankruptcy?

How Do I Improve My Credit Score After Bankruptcy?

There are, In essence, two ways a person can file for bankruptcy and those two ways consist of getting rid of all the debt completely or paying some of it back. Chapter 7 bankruptcy is where nothing is repaid and Chapter 13 is where some is repaid. Either way a person looks at it, bankruptcy will impact a credit score quite negatively. These impacts will in most cases last on a credit report for 10 years. But how does a person who has a bankruptcy on their credit report help improve it? This is what we will discuss here.

First, no matter how you look at it; it will be extremely difficult to obtain any financing following a bankruptcy right after it occurs. But that does not mean a person cannot begin building their credit back up while the effects of a bankruptcy are in full effect on a credit report. One major way a credit score can be improved is through secured lines of credit.

Secured lines of credit are simply where the creditor will allow a credit account to be active, even after bankruptcy, provided that the maximum credit amount is backed up 100% by your own funds. So if you want a $5,000 credit line, you will have to deposit $5,000. This is simply to eliminate the risk to the lender that any more default of delinquent payments will occur. This is a great opportunity for those who need to build their credit back up while providing that creditor a lower amount of risk. Over time this will help improve a credit score substantially after many payments on the accounts have been made.

After a couple years, many of those who had filed for bankruptcy will be eligible to apply for another loan such as a mortgage. If that person has been working on improving their credit score over the years, then that improvement will surely show on their report which will help their chances substantially. There are no guarantees, however, especially after a situation such as bankruptcy, but it does show that the person is making a good, honest effort to improve.

Granted, in this type of situation such as bankruptcy, there will always be repercussions to that negative impact on your credit score as it will usually result in higher down payments and such. The ramifications of a bankruptcy are really never actually eliminated completely from a person’s record so it is very important to reconsider one’s options if they are considering declaring bankruptcy, especially if they are planning to declare a Chapter 7 bankruptcy where they decide not to pay ANYTHING back at all.

Overall, the best way to improve one’s chances of having a much harder time in the financial world is to work on preventing the situation all together. One way that many keep their credit in line is through monthly monitoring of their credit through services offered by Experian and other credit monitoring companies which can be seen in more detailed at our website. If a person monitors their credit often and prevents decisions which could compromise their credit in the future such as with mortgages higher than they can afford, the rewards will be much greater when the time comes when such items become necessities. There are many other ways a person can help avoid the problems associated with a bankruptcy before it happens through services such as debt settlement or even making an appointment with a legit credit consolidation professional whose job it is to help you get out of any financial jams that you may currently be in. If it has already been established, then just focus on making payments and improving that score over time.

S. Michael Windsor is currently publisher and a writer for myCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.myCreditScoreNetwork.com and subscribe to our FREE Member services.

Tips on Improving Your Credit Score

Tips on Improving Your Credit Score

 Improving your credit score is not something that can be done in a few days. Credit scores oftentimes require steady signs of improvement over a period of time in order to rise substantially. In this article we will go through a few of the many ways in which a person can improve that credit score and to help you have a credit report that lenders will enjoy taking a look at rather than simply wanting it a little bit further away from their desk.

First step would be to pay those payments ON TIME. Yes this is quite obvious, but many people either put the bill aside thinking it will get paid at some point, or don’t even open the envelope at all after getting it in the mail! In most cases, it would be best to get that payment out as soon as possible. This is about 35% of your credit score right here. If you have any delinquent payments or reports from collections, you will have to remember that these will, unfortunately, remain on your credit report for about 7 years. Avoid any late payments if it is at all possible. This, obviously, will make a HUGE difference.

Amounts owed is the next largest factor in determining your credit score. This consists of about 30% of your credit score. The amount of money that you currently owed is actually compared to the amount of credit you still have available and presented in a ratio. This way lenders can see what your current debt is and compare that to what a person is bringing in in order to calculate their risk of that person defaulting on the loan. The best way to avoid any negative marks in this category is to pay off what you owe. Many individuals may tell you that in this case a good idea would be to open new credit accounts in order to create more available credit so you don’t look like you owe that much. Believe me, lenders look at this too. The big factor in this case is the length of your credit history which is the next big area covered in a credit report. Lenders are very aware of most of the tactics a person may use to make themselves appear better than what they are financially. They put a lot of weight into the length of your credit history and do not take it very lightly. Newer accounts will obviously have a less than positive effect on your credit score so it would be a good idea to watch out for this potential pitfall.

In addition to the length of credit history, the next largest percentage of data considered is the amount of recent new account openings or credit inquiries that have occurred. Now that big stretch of new credit to help make the amounts owed look a lot less just hit another area hard. This is a very serious consideration for lenders as they will look to see if and how many other organizations a person has attempted to get credit from recently. This puts up a number of red flags for lenders if they do see that there is indeed a string of new accounts and inquries. So try to avoid unnecessary new accounts if possible.

When considering the new accounts that must be opened, the type of account opened will actually have some say as to what your credit score will be as well. For example, financing on a new car stereo will have much less of an impact than, say, a $500,000 mortgage on a home. Big difference. The reporting companies take everything into consideration and in the financial world no account is treated equally. They are all measured according to their financial significance.

Overall, the main thing to remember when trying to improve your credit is to keep in mind the five major parts of a credit report and try to make your credit decisions based on how they will affect each area. If you have had a bankruptcy or collections reports and/or lost all credit. There are programs which allow you to deposit the amount of money that you would like your balance to be as a “back up” for the credit card company. Yes, you have to pay the money first and then use the card, but it does add a lot of convenience to making purchases again while helping improve your credit in order to have a much better credit score in the long run.

S. Michael Windsor is currently publisher and a writer for myCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.myCreditScoreNetwork.com and subscribe to our FREE Member services.

What Is Inside a Credit Report?

What Is Inside a Credit Report?

As we all know, our credit is one of the most important things we have, financially speaking. Keeping a regular check on it is imperative as we could face major changes at any moment due to such things as identity theft and so on. In fact, our ability to get loans, insurance and even jobs in many cases depends on it. So what exactly is inside a credit report that controls the minds of so many decision makers? This is what we will cover in this article.

Your credit report is a device used to provide lenders with the information they need in order to consider the level of risk they will be taking of a person defaulting on a loan or simply not making payments. They base these views on your credit history and more. The difference between a FICO credit score and a credit report is simply that a credit report shows not just a number but all of the details as to how they came up with your current credit score. The credit report also shows lenders how much you currently owe and how much you have available on the different types of accounts.

How well you had made payments on your loans in the past and if there are any collections notices that a person had received are included as, again, they just want to know that you will be able to pay back the loan. In addition to the payment history, lenders also want to know how long you have had the account, or accounts, that you currently have opened. If it has only been a month since you opened your mortgage on your new house, it will hold much different weight as opposed to a mortgage that has been getting paid off for 7 years now.

Account inquiries are a substantial part of the credit report as well. Now we are no talking about those “pre-approved” credit offers where the credit card company apparently looked at your credit, those inquiries do not count. We are referring to actual applications for new credit and inquiries by firms such as car dealers.

Your credit report also includes the type of account, such as a car loan versus a retail store card, which holds a substantial position in the lines of credit reports and what is actually considered more. Some individuals may believe that a new line of credit being paid off for a $1,200 HDTV holds the same weight as a car loan as it is being paid off, but this is not true. The type of account, and apparent risk on your part, has a lot to do with how much weight is placed on the given revolving debt account.

In addition to the aforementioned areas covered are such things as bankruptcies, public record, delinquent payments, collections reports and so on. These are all reported on your credit report! These are obvious “red flags” to potential lenders in that it instantly increases their level of risk in that the individual with those items on their credit report would possibly default or go to collections. So it is a very important thing to consider your credit report whenever making any financial decisions whether it is to open a new account or not to pay on money that you owe. That one month you miss a payment could put a really nasty mark on your credit report, which will be seen by those who consider you for loans, jobs, insurance and more. Also, it is a good idea to constantly monitor your credit monthly using services such as those at Experian or more. There are more details at our website. But, all in all if you continue to improve your credit score and keep on making those payments on time, your credit report will open many doors for you in the financial world of loans, jobs, insurance and more.

 

S. Michael Windsor is currently publisher and a writer for myCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.myCreditScoreNetwork.com and subscribe to our FREE Member services.

What Exactly Is a FICO Credit Score Composed of?

What Exactly Is a FICO Credit Score Composed of?

Your FICO score is a very important item to keep monitored on a regular basis due to the fact that it, in a large part, has a lot to do with getting loans, insurance, even a job and more. As we all know, FICO scores cover a lot of our financial background, but what areas are these? There are five main areas and the percentages may differ slightly between reporting companies. Payment history, amounts owed, length of credit history, new credit, and types of credit are all considered in your credit score.

Payment history holds the most water in terms of FICO scores as the area usually consists of around 35% of a credit score. This factor shows how well an individual has made payments in the past and if there have been any delinquencies along the way. Other items such as bankruptcies will show up under this section. Remember that if any delinquent payments appear on a credit report, time has an affect on the weight of that issue.

The next category is amounts owed. Amounts owed consists of around 30% of the credit score and this category basically consists of what your outstanding balances are and how much credit you have left in your revolving debt accounts. This is looked at in the form of a ratio where it compares balances against the actual amount of money available to you. Remember that opening more accounts will not exactly help you in the long run if you find yourself in this situation as it will affect another category which is the new credit area.

Next, the area involving the length of your credit history takes its position at around 15% of your FICO credit score. This area simply measures all the data referring to how long you have actually been making payments on different types of loans or revolving debts. This has a lot to do with your credit score as it shows the potential lender how much evidence of experience with making payments you can provide them with so that they can, as always, minimize their risk that the borrower may potentially default or not make payments on time.

Now, back to the item regarding opening new accounts to add more credit to your balance and available credit ratio, when a person opens new accounts or even makes new account inquiries, this all goes onto that person’s credit report therefore affecting their score. New credit inquiries consist of about 10% of your credit score. Now some individuals may have applied and obtained new accounts as they improve their credit after a bankruptcy of history of delinquent payments. This situation, if positive, will really help a person’s credit score after the fact. But in most cases it’s best to have the same accounts for longer periods of time.

Last, the types of credit accounts that you are currently making payments on affect your credit report as it consists of around 10% of your credit score overall. The main issue here is that the lenders want to know, first, that you are paying loans off on time, but also, what types of accounts these actually are. An account from a popular electronics store where a person makes payments on a new microwave oven is not the same as a mortgage. FICO scores are adjusted in order to show this difference in your credit report.

If there is one thing to remember, it is that your credit score is one of the most valuable things you can have when applying for a loan and more. Your credit score, however, has much more relevance to your actually getting the job you want or even being able to receive medical insurance in many cases as well. Everyone wants clients, employees and customers who are responsible and who get the job done be it making payments or completing tasks for an employer. If the credit score is not monitored regularly, the negative issues, whether or not they are your fault (i.e. identity theft) that commonly affect individuals’ credit scores may very well take affect. So watch that credit closely and make sure that you are being represented in the fairest of ways overall.

 

 

S. Michael Windsor is currently publisher and a writer for myCreditScoreNetwork.com. The MCN Online FICO Credit Score Guide is a premier FICO score and credit report information platform that provides individuals with a quality in-depth look at credit scores and reports and the associated products, services and information available today. Visit us today at http://www.myCreditScoreNetwork.com and subscribe to our FREE Member services.