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Real Estate News Releases
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(EstateNewsWire.com, August 30, 2012 ) Arlington, Texas -- Credit is a fragile thing. As a customer and user of financial products such as credit cards, loans, etc., being aware of one’s credit and credit score is of utmost importance, especially because people can cause themselves a lot of harm if they act without having this knowledge. Helping individuals to attain financial stability and integrity, the Free Credit Report Blog provides news, articles and all the essential information about credit, loans and mortgages, but also a useful Reviews page that compares and rates free credit score offers.
Most people never really find out what is in their credit report until they get declined for new credit. For most of them, accessing new finance tools, opening up new lines of credit whenever they need it and trying to make payments in time is enough to maintain a good credit rating, but they soon get denied for loans and new credit cards, lower insurance rates and well-paying jobs.
“Every time a customer applies for a credit card, a mortgage loan or even a simple phone hookup, their credit rating is checked. To put it simple, credit reporting makes it easy for stores to take checks, for banks to approve credit card or debit card applications and for large companies to manage their internal operations successfully. Depending on the credit score a person has, lenders will determine the amount of risk that person poses for them and that influences the terms and conditions of the loan”, says spokesperson for the Free Credit Report Blog.
For example, a person with a credit score between 720 and 850 will be able to access loans with an average interest rate of 5.49% and will be charged $851 per month. In comparison, a person who has not been fiscally responsible and has a credit score between 500 and 559 will access the same loan with an interest rate of 9.29% and be charged $1,238 per month. Clearly, the impact of credit score is huge and the Free Credit Report Blog makes it its goal to answer all the essential questions regarding credit score.
Every individual is entitled to receive one free copy of their credit report once a year, from all three major credit bureaus: TransUnion, Equifax and Experian. Although a copy from a single credit bureau might seem enough for the average customer, the Free Credit Report Blog advises clients to get all the 3 credit scores and reports as a means to compare and identify possible mistakes or inadvertencies.
The importance of credit at present is considerable; overlooking this aspect can and will be detrimental to individuals’ financial health. Knowing how the credit score is calculated, what is the difference between the credit report and credit score or checking reviews for credit monitoring services that offer access to all 3 credit reports from the main credit bureaus is essential for either maintaining or improving a good score.
Customers who want to learn where they should look for in order to obtain the 3 credit scores and the 3 credit reports from all main credit bureaus should visit http://freecreditreportblog.net/.
About Free Credit Report Blog
The Free Credit Report Blog is aiming to become the reference website for news and information about credit score, rating, loans, etc. Underlying the importance of understanding important financial concepts and recognizing the difference between credit score and credit report, the Free Credit Report Blog aims to help individuals establish and maintain financial security by accessing the right financial knowledge.
Free Credit Report Blog
James Edward
219-874-5601
kome5402@gmail.com
Source: EmailWire.Com 
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