Thursday October 30, 2008 - More Money Mistakes: Not Knowing Your Credit Stats

[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 ask for when she switched over her insurance. Now if -- credit -- never been formally canceled their appearance your credit history"...

[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"...

[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 ask for when she switched over her insurance. Now if -- credit -- never been formally canceled their appearance your credit history as an open line of credit. Even if you use them in years. And they can potentially cause problems is applying for loans such as a school loan -- home mortgage they're going to be entering into that credit formula as debt. Even though there's nothing owed on them you have the ability to charge analysts say it's a 10000 dollar limit. And the engine is 10000 dollars in debt you don't have that debt that you could charge at the day after you get along sure. Another reason to check your credit history 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 more here and double BBC news radio 1030."