How Healthy Is Your Credit?

| Total Words: 1195

Theres only one way to discover the health of your credit. You need to examine your credit report. Your credit report is your consumer identity that potential lenders will use to judge your credit worthiness.

Use these tips to give your credit profile the tune-up it needs:

Tip #1- Check for Errors
Your credit report or profile is more than just a collection of who your creditors are and how much you owe them or have paid them.

The first thing you need to do is carefully check that your credit report is accurate. Nearly 70% of credit reports contain errors.

These errors may be as simple as an incorrect middle initial or address. Or it could be as serious as a creditor reporting that you were late with a payment when in fact you were not late at all.

This error might not seem like a big deal to you. However,to a future lender like a mortgage company it makes a big difference !

Carefully examine your credit report and if you find an error contact your creditor and the credit bureaus. Catchand correct these errors now before it hurts your chances of securing credit in the future.

Tip #2 – Correcting Errors

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