Wednesday September 3, 2008 - New Year Resolution: Checking Your Credit History

[1:30]..." important factor because many people if if you want to lower the interest rate and your credit cards if you were looking for a home equity credit. Q looking for loans for college for -- it's you know high school seen this year people are going to be looking at their credit score her. -- want to be sure your credit score is well above 720. The the best and easiest way to increase your credit scores pay your bills on time. And do not -- sector credit cards of course it's like -- in the garden before you plan to quite get ready before you apply for those laws right you know so if you want to improve your credit score I would suggest getting on my fight a dot com. But -- the higher your score the lower your interest rate and according to my bike on the difference between a good score and -- scorn for 300000 dollar thirty year fixed rate "...

[0:00]..." Here on WBZ news radio 1030 with certified financial planner Dee -- we are revisiting a very important topic this week. One topic that business week calls the next rising crisis and that's "...

[0:36]..." to it they do. Ambiguity him permission to Asia to give your Social Security number. And the F score for Massachusetts resident is 703. Out of anywhere from 300 to 850. A score above 720. Is "...

[1:15]..." repeat credit score. Mess with your ability to get alone dictate the interest rate you're charged and most importantly. It's going to let you know if someone has stealing your identity very important stuff I would really is because of -- using your Social Security number. And name it probably show up on your credit report first in -- About half the people who have identity stolen has discovered it when reviewing their credit history okay sort reveals all it does it does because -- using your Social Security number this information is going to show up your credit history. That's your concern about identity theft spread archer free credit report very cresting one every four months. Use trans union this month in four months experience in eight months actual facts. Now your "...

[0:39]..." dot com this is east central site which -- issued a request free credit report. From the. "...

[0:45]..." Three major reporting agents received that annual credit report dot com it's not free credit report dot com or are -- a lot of other yes web sites that looked like it's a free woman they're not. "...

[0:00]..." On WBZ news radio 1030 with certified financial planner ideally we are continuing our series of money mistakes and today. We're looking another big money in the state that people just are in the dark about and that's not knowing your credit stance. Anthony checking credit history should be like getting your teeth cleaned you want to do it at least once year. You may think your credit histories perfect because you've never been later missed any of your loan payments. A recent studies shown that perhaps as much as 50% of all credit histories has -- in them. Errors that could prevent you from. Qualifying for alone and loans are getting tighter and tighter and -- looking for higher and higher credit scores and pristine credit histories. Your credit history in your credit score used as measuring tools now just for a lot more than applying for loan. An employer may ask for your permission to review your credit history. Turn him down and you may not get that job right and that's -- normal in the financial industry. When you purchase life insurance your homeowners insurance the insurance companies analysts see your credit history to see if you make payments on a timely fashion. Auto insurers are also looking at credit history and some states are actually basing your rates. On your credit score so there's so many things based on that. That once more and there are three different scores provided by three different agencies -- need to check the mall. -- And niece just recently came to Boston rented a place he wanted to see the credit history it's cooler now she has a good credit score. But the reality is is our credit histories between peers because she's only at a college a year in the auto insurance "...

[2:13]..." and probably in today's environment is. Identity theft -- silent using your Social Security number and may be showing up in Ukraine history thank you very much and check the website wbz1030.com. It will more and "...