Delray Beach, FL (PRWEB) August 5, 2010
NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, reminds consumers that a credit monitoring service can be used as a resource to help individuals manage and evaluate the current and future status of their debt. Additionally, consumers can ensure that the changes they make to their accounts take place.
“Your credit report is a reflection of your financial standing as lenders see it,” said Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. “Your credit report shows information that the 3 major credit bureaus (Experian™, Equifax™, and TransUnion™) collect about your credit card accounts, money borrowed, credit applications and debt repayment history. Lenders check a credit report when determining whether to grant someone a line of credit or a loan.”
According to Ambrose, a credit report is a great way to get a bird’s-eye-view of what one’s finances look like since the 3 major credit bureaus report on such a wide variety of financial information. Consumers should check their credit report to get the ball rolling when striving to manage their debt. This will help identify areas that can be improved and keep consumers informed about the status of their debt.
“A credit monitoring service is a great tool for individuals working on managing their debt and raising their credit score,” said Ambrose. “When the consumer makes proactive moves like refinancing or applying for new or better loans, those changes are reported in their credit files and they are alerted to these changes via e-mail. Since the service continuously checks their credit report for them, it’s an excellent way for consumers to know when changes are reflected in their credit report. The e-mails also give the individual an idea of when they may see their scores start to increase.”
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report from the 3 major credit bureaus on a regular basis.