Monday 18 February 2019

Reasons Why a Credit Score Can Drop

Avoid Dropping Your Credit Scores Your credit score can drop because of a variety of reasons. Many of us assume that our credit score is only related to the amount of debt that we have. Sadly, this is where most of us go wrong. A variety of factors influence your scoring, and you need to be aware of them at all times. When it comes to your credit score it is true that knowledge is power. When you go to pick a lender to work with, you don't want your credit score to come as a nasty surprise to you. This is why you want to monitor your credit at all times. Never undervalue the importance of a good credit score, as it can affect your finances in so many ways. The best way to continuously monitor your credit score is to get in touch with credit agencies a couple of times per year to check on where you stand. Top credit agencies include Experian, Equifax, and Transunion. One of the most important things to do before picking a lender is getting your financial house in order. You ...

from 411HomeRepair.com https://www.411homerepair.com/diy/real-estate-finance/10576-Reasons-Why-a-Credit-Score-Can-Drop.html

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