Financial Check Up

When you get a health evaluation from the doctor you expect to get a clear and precise daignosis. Certain test performed will determine your overall health condition. It is the same with your credit. If you arent making routine check ups on your credit, it can become a major issue down the line. Following simple steps cant get you an overall prognosis of our current credit profile

First obtain a copy of your credit report.

This can be obtained by visiting all credit bureaus, www.experian.com, www.transunion.com and www. equifax.com. You are entitled to a free credit report every year. Visit www.annualcreditreport.com.

Next find out your credit score

Not all orders for credit will inclue a credit score. The most universal credit scoring system is created by FICO. Go to www.fico.com in order to determine where your credit score stands on their chart.

Review the report

Look at all the information to make sure that it is correct. It is important to look for non credit information as well. Items such as address both current and past are a good indicator of fraudulent activity. Make sure the addresses are correct. Check recent inquiries to make sure you intiated those request. Also look for accounts both current and delinquent for accuracy.

Then come with a game plan. View the Game Plan Blog for more information.

Stay Ahead of the Curve

Once all the smoke clears with the financial crunch, there will be two type of people. Those that worked on their credit and those that didnt. Which line will you be in?

Take advantage of this opportunity to gain knowledge and make important decisions regarding your credit and financial situation. People are paying more attention to their credit by taking appropriate actions in developing their financial profile. Where will you be when the smoke clears?