With the average credit score being around 680, you may think that your credit is pretty good. However, there are many people who have a much lower score and this can lead to some serious consequences. It's important to monitor your credit score on an ongoing basis so you know where it stands.
Reason to Monitor Your Credit score:
Correct inaccurate information
Inaccurate information is a big problem because it can lead to you being denied credit card application. When you're applying for a loan, the lender will look at your credit report and make an evaluation based on what they find there. If the records are incorrect, then they may never give you that loan!
Protect yourself against fraudulent activity
Personal credit protection is important because it protects your credit score from frauds committed by others. It also helps with identity theft prevention as well as debt collection harassment. Other benefits include insurance discounts and a lower risk of being sued due to false information in your name. Protecting your personal credit is very easy but requires vigilance.
Avoid unnecessary hard inquiries
When you are looking for a loan, it's important to know your credit score. A hard inquiry is when a bank or credit card company checks your credit history and will stay on your report for up to two years. It can lower the overall amount of available credit and make it more difficult to get approved for future loans or other lines of credit if there is an excessive number of inquiries in a short period of time.
Call on (888) 803-7889 and monitor your credit score.
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