What Is Meant By A FICO Score?Written by Tim Gorman
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Other information that is included in your credit report but has no bearing on your FICO score includes your race, age, where you live and your sex and employment information. Although FICO score doesn’t use these factors employment information may be used by other companies and creditors to help in their decision making process. There are three major credit-reporting agencies - Equifax, Experian and TransUnion that have your credit information on hand. Each of these credit bureaus maintains their information separately, which can cause financial data to be slightly different among three of them. Most experts agree that in order to get best snapshot of your financial history and credit worthiness it is a good idea to request a report from each of reporting agencies. It is also highly recommended that you actually review your credit report once a year in order to identify and correct any errors before they cause any future potential problems when you apply for credit. Recent changes in laws no allow for consumers to request 1 free credit report each year in order to look for any such errors.Here is contact information for each of three reporting credit bureaus: Equifax: (800) 685-1111, www.equifax.com Experian: (888) 397-3742, www.experian.com TransUnion: (800) 888-4213, www.transunion.com As you can see your FICO Score is a very important number that represents your financial trustworthiness in eyes of creditors. Failure to properly monitor it could cause you future headaches when it comes time to apply for any form of credit.
Timothy Gorman is a successful Webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and credit repair information that you can research in your pajamas on his website.
| | Setting Financial Goals - Part 2Written by Tim Gorman
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As we stated before you will need to accurately identify what your financial goals are in order to have them come true. You will need to identify necessary steps that need to be taken in order to achieve your goals. Examples of such steps include following: ·Start placing 5% or 10% of your paycheck in a savings account. ·Educate yourself on different investment strategies such as IRA’s, stocks, mutual funds and various other personal investments. There are many more and all can assist you in short and long term goals. ·Make a budget for yourself that leaves you with some extra money (remember 5% or 10%) and stick to it. ·Take every opportunity to use coupons. It seems like small savings, but when added together you could save 20-30 dollars at each trip to grocery store. ·Shop around for bargains and do not live outside of your means. ·Work with a credit counselor to get help in lowering your monthly expenses and get rid of your debt.These are just some of things that you can do in order to realize your financial goals. If you truly set your mind to it and visualize successful completion of your goals you will find that they are more attainable in long run.
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides insurance information and offers discount auto, life and home insurance that you can research in your pajamas on his website
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