Credit Report Score - How Healthy Is Yours?
Your Credit Report Score
Not everyone will find themselves in the enviable position of
enjoying the degree of financial flexibility that comes with
having a high credit score and a good credit history.
If like many people, your credit scoring is poor or low, there
are ways of improving it. To achieve this, you will need to
get informed as to what exactly is contained in your credit
information file and how that information is affecting your
credit report score.
Your credit report file will contain essential information
about you and more importantly, about your credit card or
other credit history. Once you have this information, you are
then in a position to assess whether the credit information
on you is in fact accurate or up-to-date.
It is actually good practice to check your credit report every
couple of years or so, just to keep yourself updated on how
creditors perceive your current level of credit-worthiness. It
will also alert you to any instances of inadvertent or adverse
credit information that has being filed on you. That way you
can challenge and put right any inaccuracies, prior to you
actually applying for credit and running the risk of being
Here are some steps to help you understand the reasons
you might have been turned down for credit card credit, and the
action you can take to improve your credit rating score in
the process. Improving your credit scoring will also improve
your chances of getting approved for a credit card or any other
kind of credit in the future.
Consider the following factors. Each is important in its own
right and will not only play a part in your perceived credit-
worthiness but will ultimately be reflected in your credit report
The size of any current debt you are carrying will be taken
into consideration, as well as your ability to repay it
(size of your income)
Having a number of un-used credit cards, credit accounts or
or even closing un-used credit card accounts
Late or missed payments record
Payment arrears on court judgments, bankruptcy notices etc.,
The above are just some of the individual or collective factors
that can impact adversely on your credit score, leading
to either a low credit rating score or a poor one.
Get A Credit Report On Your
Credit Card History
You can obtain reports from credit reference agencies,
detailing your credit information and credit scores (Uk) and from
credit bureaus (US). Once you have copies of your credit report, you'll be able to see whether there is anything in your
credit history you need to get amended.
You will find further information on how to get a credit card
report by visiting how to credit check my credit report score
The content on this site is purely for information purposes only
and is not intended to replace your seeking professional financial
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