Life Costs More Without Free Score
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A credit score is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus.
Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits.
Lenders also use credit scores to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system.
If I were you, you should not miss payments in order to maintain your credit score in good condition. Otherwise, you may find it hard to get loans and credits if companies find out your credit score is bad. Freescore.com is a leading provider of credit scores, reports and consumer credit information, along with identity theft protection services.
The site offers immediate access to all 3 credit scores, reports and monitoring as well as educational information and tips on how to safeguard one’s credit and identity. Check it out.
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This entry was posted on Friday, September 10th, 2010 at 5:49 pm and is filed under .bv, service. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
