What is a credit rating? Is it
simply a measurement of how much credit you have available, or how far in
debt you are, or a commentary on the speed in which you pay your bills? It
could be all of that, but it has turned into something even more important.  Credit ratings have become your character reference, even for things like
renting an apartment, turning on utilities, and getting car insurance.
Today, your word isn’t enough to convince people that you are a low risk. The
days of having your minister, boss, local sheriff, and even your mom vouch
for your character are gone. Today, we need to accept that in more cases
then naught our creditworthiness is judged by our credit score numbers.
So what is your reference saying about you? You need to know! If you applied for a new job and they asked you to list character references what would you do? You may get to those character references before the employer does so you can tell them to expect a call and highlight all your positive qualities. That gives you more control over what the employer will hear during this very important time. The same is true with your credit record. Since it is becoming your character reference be sure you get to your record before someone else does. That will allow you to clean up any false or inaccurate information on it and prevent any misunderstandings or negative outcomes. For more information visit BowmansMoneyCollege. You are invited to join me at LinkedIn! |