We all know how important it is to have good credit. Yet many of us may not know what is required to have good credit, nor do we check our credit report on a regular basis. So we are going to address both issues in this blog entry.
First, here are a couple of factors that boost a credit score and/or maintain a good one:
- Pay bills on time and in full.
- Get current and stay current on any outstanding debts.
- Keep balances low.
- Don't apply for new credit if you do not need it.
Now, about those credit reports. You have probably heard how you can receive one free credit report a year. What you may not realize is that you can receive one free report from each of the three major bureaus. And it is simple. Having never done it before (I guess I wasn't leading by example!), I got my credit report in about five minutes. Go to the Annual Credit Report website and get started. The beauty of this website is that you can access all three major bureaus from this site. And you get to choose which bureau you want your report from. This means that over the course of 12 months, you can get three reports for free. If you do this on a quarterly basis, you will only miss one quarter in which you can't receive a report and you will be able to keep tabs on your credit without any cost and with minor effort. Get started monitoring your credit today!
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