Your credit score is key to your financial life. A good credit score determines your interest rates on car loans, college loans, and mortgages. For example, a good credit score can help you get a lower interest rate or a lower monthly payment, saving you thousands of dollars over the life of the loan. A bad credit score can hurt your ability to get a loan or credit card. It has become increasingly important to monitor and protect your credit score and report because decisions are made about you based on your credit. When you try to rent an apartment or apply for a job, landlords and employers look at your credit to evaluate your financial stability. Credit decisions have vital impact on you and your family.
Who’s Looking at Your Credit Reports and Scores
- Rental property owners
- Insurance companies
- Credit unions
- Mortgage companies
- Prospective employers
- Utility companies
Each credit bureau allows you to order one free copy of your credit report per year. Monitoring your own credit can be time-consuming, so we recommend that you enroll in a credit protection service such as IdentityForce UltraSecure+Credit™ that monitors not only your credit reports, but also provides you with quarterly three-bureau credit reports and monthly Credit Score Tracker™.