Just like when you go get a physical at the doctors to learn about how you can improve your health, a credit check can ensure you know which steps to take to improve your finances. By checking your credit score, you will understand what you need to do to get your finances on track. We all know we should visit the doctor once a year for a quick health check up, so shouldn’t the same thing apply to your financial health?
The good news is, unlike visiting the doctor’s surgery, a credit check is totally free! You can discover the exact state of your finances as easily as A, B, C! All you need to do is apply for your credit check today and find out your credit status!
Need to Buy Something
on Credit?
Been Denied a Credit
Card or a Loan?
If you’re planning to buy a home, a car or make some other expensive purchase in the near future, you’ll more than likely need help financing it. When it comes to your loan approval, your credit history is the single most important factor that any lender will look at. You’d be shocked to learn some of the reasons that could see you being denied a loan – such things as a long-forgotten about unpaid library fine for just a few dollars could prevent you from buying your dream home.
Financial advisors recommend carrying out a credit check at least 6 months before making any major purchase that will require a loan, meaning you’ll have time to clear up any problems the check reveals. This includes buying a home, a car, or even a applying for a student loan.
If you’ve left it too late and already been unsuccessful in your loan application, then there’s an urgent need to find out why that was. The loan company or bank will inform you of the decision to reject your loan, and they will even tell you the decision was taken based on your credit score – but they what they won’t tell you is WHY your credit score came up short! So how on earth do you know how to correct the problem?
By checking your credit you can establish why your loan application was rejected, and in some circumstances you may find the information on your credit report is inaccurate or untrue. If this happens, you may be able to dispute the information with the credit bureaus and have your credit report updated, meaning you could find yourself eligible for a loan after all.
In today’s electronic age, identity theft is becoming more and more of a problem, and anyone can become a victim. Unique among other crimes, you may not even notice you have become a victim of identity theft for months or even years, until the day you apply for a loan or a credit card.
Should you receive any bills, notices, phone calls or letters from a collection agency for an account you are unaware of, now is the time to check your credit report without delay, so you can take the necessary steps to repair the damage.