Delray Beach, FL (PRWEB) July 20, 2010
NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services advises consumers that fixing their credit score is a must for financial wellbeing and that they can reap considerable benefits from having a high credit score.
"There are many significant advantages of having a good credit score," said Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. "From being seen favorably after a landlord’s credit report check to obtaining better interest rates on loans, a high credit score can really help you in the long run. If you check your credit report and find that your score is lower than you’d like, there’s no better time than the present to begin fixing your credit score."
How may a good credit score help you?
- You may benefit from lower interest rates. Your credit score is the value that potential creditors and lenders use to decide whether to grant you a loan or credit as well as determine interest rates. When you apply, they check your credit report and asses your credit history. Over your lifetime, a lower interest rate can result in significant savings.
- You may be approved for rental properties. A landlord may do a credit report check to establish whether you will be able to pay your rent. A person with a low credit score may be considered too much of a risk.
- You may be offered better insurance policies. Insurance companies can check your credit report to determine your insurance risk. For instance, your financial history is important to an insurance company considering you for a life insurance policy.
- You may be viewed more favorably by employers. Making the assumption that the way you manage your finances may be a good representation of how you’ll do your job, a prospective employer can check your credit report as long as they comply with the Fair Credit Reporting Act (FCRA) and you provide your authorization.
- You may receive funding to start a business. Although you’ll be applying for a business loan, a good credit score may be a reflection of how you might handle business finances.
According to Ambrose, there are several things that consumers can do to fix their credit score such as making payments on time, keeping a longer credit history and paying off credit card balances.
At the company’s website, http://www.nationalcreditreport.com, consumers can sign-up for a free credit score which includes one credit report and a free, seven-day trial of its Triple Safeguard Credit Monitoringâ„¢ service. The company also offers consumers the opportunity to purchase their credit report and score for one low price with "no strings attached." Interested customers can visit http://www.nationalcreditreport.com/nostringsoffer to buy their credit report and score without being enrolled in a credit monitoring service.
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 on a regular basis.