(PRWEB) June 12, 2005
One of the greatest mistakes consumers make is to apply for credit, like a mortgage or car loan, without knowing anything about their fico score or credit report. Many people apply for a mortgage under the assumption that they have used and paid their credit card bills on time over a period of say three to five years and so they have good credit. That couldnÂt be further from the truth. While maintaining regular, on time payments is certainly a good idea, that, in of itself, does not guarantee anyone a good or great fico score.
This is why ABA Online Credit website http://www.aba-online-credit.com was created. The website was created to educate consumers about their credit situation and to provide means by which to easily obtain such information records and to do something about the situation if there was any negative information.
ÂIt is amazing to see people in this day and age still paying very high interest on their loans just because of some tiny negative information in their credit reports that could easily have been resolved had they made the effort to obtain their credit reports and fico scores before handÂ, says website owner.
ÂABA Online Credit has a lot of information that will benefit you, and I like the info on the page on Credit Checking, http://www.aba-online-credit.com/credit_checking.htmÂ, says Al, who had no idea that accounts he had closed out a long time ago were still being reported as active, and that a lease agreement he had paid off in full was being reported in one of the reports as delinquent because of a clerical error.
ÂCan you imagine what this could have done to me if I had applied for my car loan?Â, continued Al. Â I thought that having one credit report was all that was needed. I didnÂt know that you needed all three reports from the three major Credit BureausÂ And the website has made it so easy. You just click on a link and it takes you right up to a well-known, reputable site where you can apply for your fico score and 3-in-1 credit reports at the same timeÂ.
Access the section on identity theft prevention tips in order to learn a thing or two about identity theft and how to protect yourself or obtain a low interest credit card by visiting http://www.aba-online-credit.com/creditcard_links.htm.
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