Poll: When Did You Last Check Your Credit Report?
Tuesday July 8, 2008
Other than annual financial maintenance, there are some other key times you should check your credit report, like before you apply for a mortgage. Checking your credit report at these crucial times can help save you from the embarrassment of being turned down for credit.
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What is considered a ‘good’ credit score? What is considered and ‘excellent’ credit score?
Annother thing to remember about checking your credit file is that regardless of what you may be trying to appy for, like Education Loans or a credit card, your credit report status has a “lag time” that reflects your finances. Your credit may be great when you check it, but a day or two later should the file be updated with negative information, or even just the balance of a line of credit be more, then your credit file will show this instantly after the update. (Usually the day after the due date)
A good credit score is 650-700, depending what your applying for. An excellent credit score is 750-850.