| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles

    SEARCH ARTICLES
    Custom Search


vertical line

Article Surfing Archive



Credit Reports - Articles Surfing

Credit reports basically consist of credit scores that are based on a mathematical formula. The result of this formula applied to your financial situation is intended to *predict* how efficiently you will pay your bills. What does your credit effect? Well, pretty much all major purchases will be affected by your credit score, from a new car to a new home or computer. Poor credit scores can result in a difficult time purchasing these large ticket items. If your credit score is poor, discuss with your bank or other financial institutions ways to repair your credit.

There are three valid and equally important reasons for keeping tabs on your credit report. The first is simply constantly being *in the know* of your financial situation. You need to know what is going on with your finances at all times and this is one good way to ensure that. The second is that mistakes happen. Things can be charged twice against your credit cards, or a glitch could have occurred keeping your electronic mortgage payment from being posted. If your credit score is poor, you need to take a closer look at your credit card bills and statements, as well as your mortgage statements.

The third reason is perhaps the most important: preventing identity theft. Identity theft is becoming an increasingly large problem in the United States. One of the most common effects of identity theft is a debilitated credit score, as credit cards and bank accounts are often used to fund elaborate purchases, cash advances and other forms of financial theft. If you know that you are paying your bills on time, paying your mortgage on time, etc, but your credit report is in bad shape, you know there is a problem and you need to investigate it further.

Submitted by:

Sara Chambers

Sara Chambers is a marketing consultant and an internet content manager for http://www.creditreportweblog.com.

saracham@gmail.com



        RELATED SITES






https://articlesurfing.org/business_and_finance/credit_reports.html

Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).










ARTICLE CATEGORIES

Aging
Arts and Crafts
Auto and Trucks
Automotive
Business
Business and Finance
Cancer Survival
Career
Classifieds
Computers and Internet
Computers and Technology
Cooking
Culture
Education
Education #2
Entertainment
Etiquette
Family
Finances
Food and Drink
Food and Drink B
Gadgets and Gizmos
Gardening
Health
Hobbies
Home Improvement
Home Management
Humor
Internet
Jobs
Kids and Teens
Learning Languages
Leadership
Legal
Legal B
Marketing
Marketing B
Medical Business
Medicines and Remedies
Music and Movies
Online Business
Opinions
Parenting
Parenting B
Pets
Pets and Animals
Poetry
Politics
Politics and Government
Real Estate
Recreation
Recreation and Sports
Science
Self Help
Self Improvement
Short Stories
Site Promotion
Society
Sports
Travel and Leisure
Travel Part B
Web Development
Wellness, Fitness and Diet
World Affairs
Writing
Writing B