The Importance of Your Credit Score

In today's economy, it is more important than ever to carry a good credit score. Without a good credit score, your potential to be approved for a loan is next to nothing. If you carry poor credit, and you need a loan, you may have to have someone co-sign the loan or have a second person listed on your application-and that second person must carry good credit. 


Every year, you have the chance to check your credit report. Legally, everyone is allowed to check their credit report once per year. It is free to check your credit report each year-but only one time. If you would like to, you can also check your free credit score while you check your credit report too. This will help you understand where your credit stands should you need to apply for a loan, credit card or perhaps buy a new car. 


So as the new year begins, always make sure you file to check our credit report. Checking your credit report can also help you guarantee that nobody else has stolen your identity, and that there are no errors on your personal information as well. Be sure to check it with the 3 credit bureaus: Equifax, TransUnion and Experian.