Home » Finance » Credit

Maintaining a Good Credit Score

Apr 8, 2008
A credit report is basically the history of all your credit details and credit scores. Frequent check of your credit report is necessary for a good credit check. This step ensures protection of your money and account from any theft and makes it secure. The credit report is mainly the tabulated data of your credit scores through your credit sources available. The credit reports are made by the companies that are providing you with some credit and need to keep a tab on your financial behavior.

Many people do not recognize the need to obtain a credit check and in turn they do not keep a check on their credit scores. These people feel that they are invincible but they need to know that keeping a check is not a matter of status. It is necessary for your secured financial benefit. A loss in finances can be easily avoided if you keep a check on your credit which is done through your credit report. There are three main agencies that keep the credit reports they are known as the CRAs. The three main CRAs are Equifax, Experian and TransUnion.

The fair credit report allows the crime conviction to be reported in the credit report. There are purposes of keeping a credit check or a credit report. Any person who has a long credit history would definitely recognize the need of maintaining a credit report and keeping a good credit check. Credit reports and credit scores are two main tools that are required by the lenders to judge the person whom they are giving the loan. Without these tools, it becomes tough for any lender to make a point about the borrower. The credit report is a guide for the lender and a help kit for the person who is in search of a loan. All creditors look into the credit report so as to judge the debtor.

There are reasons to monitor your credit report and hence the credit report must not be ignored ever. We know that any one of us can be a victim of the identity theft. Identity theft is done in order to open a credit account on any person's name and it requires your security number, your name and address. In many instances, locating your security number becomes easier and thus opening a credit account, too, becomes easy. On the contrary, when you go for a credit report, until and unless your report copy is provided to the frauds, credit accounts will have no connection.

The other reason is obtaining loan. Many loans are given on the basis of security, but today, a lot depends on the credit report. If you have a good credit report, your loan might be easily approved, whereas, for a bad credit score, loan approval can be a bit troublesome.

So it becomes important for you to keep a credit check and a good credit score for the benefit of your future and finances. So keep checking and maintain a good score.
About the Author
This article was written on behalf of http://credit_debit.diamondrocket.com. To learn more about your credit score check out A Good Credit Score .
Rating:
Please Rate:
(Average: Not rated)
Views: 157
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources