Free Credit Reports Instantly » Fraud check http://www.freecreditreportsinstantly.org/blog Get The Information That Matters Fri, 30 Sep 2011 04:47:00 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 How to Make Good Use of you Free Credit Report http://www.freecreditreportsinstantly.org/blog/how-to-make-good-use-of-you-free-credit-report/ http://www.freecreditreportsinstantly.org/blog/how-to-make-good-use-of-you-free-credit-report/#comments Fri, 29 Jan 2010 19:00:23 +0000 editor http://www.freecreditreportsinstantly.org/blog/?p=56 Your free credit report is helpful to you in many ways. For instance, it helps you detect fraudulent activity and it also provides your creditors with information about your creditworthiness.

It can also help you plan for the future. This requires understanding what impact different portions of your credit score might have on you.

If you are a person who happens to be currently in the process of rebuilding your credit, your free report is one of your best guides. It can help you in the following ways:

  • It can show you how the size and number of debts you have affects your credit score. Incidentally, it is not the amount of the debts but the number of them that you have that matters.
  • If you show on your financial records that the balanced on your credit card limits is less than 25% of the maximum, this helps increase your creditworthiness. Thus, you have a higher score.
  • The number of inquiries you make regarding your free credit report while shopping also matters. If you have more than three on your record at any given time this can count against you. You should be careful how many times you make an inquiry about your credit within 90 days.
  • Your financial records can also assist you in changing your spending habits. It shows you how you use credit and it will help you cut down on trying to obtain it in the future.
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