| A good or bad credit score is a direct representation | | | | lowering your credit score. Some of the most |
| of you and your financial status. Your credit can also | | | | damaging factors include: late payments, missed |
| be a window into your personality. That is why some | | | | payments, charge offs and identity fraud. There is no |
| major companies nowadays have started to utilize | | | | way to know what is on your report until your request |
| credit reports as a basis for new hire. With this in mind, | | | | a copy of both your report and credit scores. You |
| it is important to know exactly what is going on with all | | | | may be surprised at how many errors that can easily |
| 3 of your credit bureau scores. | | | | be addressed to raise your credit score. |
| The three major credit reporting agencies cover | | | | Errors on a credit report is not something that is |
| different areas of the United States. Equifax covers | | | | uncommon. The credit bureaus are ran by humans |
| the east coast, Experian covers the midwest and | | | | whose job is to make sure that your credit report is |
| Trans Union covers the west coast. Depending on | | | | accurate, but at the same time, it is human to make |
| what region you live in, some institutions will only check | | | | errors. Obtaining a copy of your file will let you know |
| the credit score for that region. The bad news is that | | | | exactly where you stand as far as credit worthiness |
| all major creditors such as credit card companies, | | | | and what you need to correct. |
| mortgage banks, and dealerships check all 3 credit | | | | Since all 3 credit bureau scores account for a full |
| bureau scores. | | | | representation of you as a person, it is imperative to |
| Banks that offer mortgages will customarily use the | | | | protect your character. There is nothing worse than |
| middle score of the 3 credit bureaus as a barometer | | | | finding out about your credit report and scores when |
| to assess your credit worthiness. In essence if you | | | | you are trying to make a big purchase. There are |
| have a high score with one credit reporting agency | | | | ways to avoid dealing with unfortunate scenarios such |
| and low scores with the others, the bank will choose | | | | as being the last to know about your bad credit, |
| the second to lowest score as a representation of | | | | possible identity theft, or the reason you were passed |
| you. That is why it is important to know exactly what | | | | on a good job, and it starts with knowing your credit |
| your scores are. | | | | scores. |
| There are several factors that can be responsible for | | | | |