(ARA) – With the economy taking a roller coaster ride and investors making detailed credit and background checks for loan requests, it’s important to check your own credit before a lender does. When a lender checks your credit, the inquiry stays on your credit history. Too many requests in a short period of time could hurt your score. But did you know that checking your own credit won’t hurt your score?
Checking your own credit is something that you should do a few times a year, or at least a few months before you apply for a major loan:
1. Check your credit score to see where you stand. To raise your credit score, try to pay bills on time, maintain a low amount of overall debt and check your credit at least once a year to see your progress.
2. Review your credit report for credit errors and unauthorized credit checks. Remove the errors that are dragging down your score.
To see exactly what lenders see, plus of the factors that affect your personal credit score, you should check your credit report through a free service from GoFreeCredit.com. GoFreeCredit.com instantly gives you a free detailed, personalized analysis of your credit report with advice on how to improve it. Checking your own credit report at GoFreeCredit.com will not hurt your score.
Your report from GoFreeCredit.com will show you details like accounts with past late payments, the various types of credit you’ve used, current balances and recent requests for credit. You also have the opportunity to fight negative or wrong information on your file. GoFreeCredit.com can refer you to a reputable credit repair service if you need it.