The fact that you are asking this question – “what is my credit score” is a great start. That’s because, surprisingly, according to the findings of a recent survey, most people in the US don’t even realize that they should know what their credit score range. And of course they have no idea about the credit score range as well.
What Is My Credit Score? Why You Should Always Know It?
The fact is, every citizen of the country, who is above the age of 18, should have some idea about the credit score of himself or herself. Some people however don’t quite agree to this. They say that if you don’t quite need to take a loan, there is no reason why you should take this additional trouble of getting the information. This is not quite true, and here’s why.
The fact is, you might not need the loan today, but you may still need it at sometime in the future. And you would be wrong to believe that you should find out, “what is my credit score” at that time, because it might already be too late. That’s because if you suddenly find that your score is low, your application is almost sure to be rejected, and this will definitely jeopardize your plans. It is best to check out in advance. If you find that the score is low, you can then take a call on whether you should postpone your plans or not. You can also take steps to improve your score.
There’s another reason why you should know your score. You might not require a loan, but you surely have a credit card. Most people do. Did you know that if your score is low, your credit balance is also sure to be low? So find out the score, take steps to improve it, and in time, you will definitely be able to enhance your balance.
Learn About Your Score to Rectify Errors
The credit score is calculated and maintained by rating agencies. But did you know that there are often errors in these scores? There might be an error in your report as well, and if there is, you could be erroneously penalized by the creditors and lenders. Don’t let this happen.
Ask “what is my credit score” by approaching the agencies, and take a look carefully at the report. Find out if there are any errors, and if you can find any, you should definitely bring it to their attention to get it corrected.