My Real Estate Blog

June 24th, 2010 7:37 AM
I get questions all the time about credit scores so I thought I'd do a little investigating.  Here's what I found out . . . . . . .

In March, ING Direct bank commissioned Harris Interactive to conduct an online survey of 1,042 parents of children age 17 years and younger.

1)  The survey discovered that 56% of those surveyed thought bouncing a check or paying a fee for having non-sufficient funds in their bank account would reduce their credit scores. NOT TRUE  

2)  21% thought checking their credit scores would hurt credit scores and 18% thought accessing their credit report, would hurt their credit scores. NOT TRUE

You SHOULD check your credit reports regularly. Every year, federal regulations allow you three free credit reports, ONLY through AnnualCreditReport.com., one each from the three credit reporting agencies, Equifax, Experian and TransUnion.  You can get the three free reports all at once if you haven't seen them for years OR get one from a different company every four months to regularly monitor your credit report for errors, identity theft, black marks you may need to work on and other issues.

Posted by Jim McCowan on June 24th, 2010 7:37 AMPost a Comment (0)
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