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Getting Your Credit Score

During these tough economic times, one of the last things on everyone’s mind is probably their credit score.  They are more focused on pulling together their assets after having been laid off from a job, figuring their next move if their house has been foreclosed on, or just trying to survive through all the labor and wage cuts.  What many of them don’t know is that knowing their credit score could help better their situation regardless of what it is.

More than forty percent of employers in the U.S. do a background credit check to examine the ethics of an individual they are considering for a position with their company.  So while the interview might have gone better than expected, having that poor credit score could cause an employer to become suspicious and consider other candidates.

Having a good credit score could also help you avoid foreclosure.  You can use your good credit score, or improved credit score, to your advantage, and renegotiate a mortgage for a lower interest rate.  You can also reassess your finances, if your wages or labor is being cut, to open up new credit cards with higher limits and lower interest rates for temporary help until things improve in your current situation.

With a good strong credit score there are many new windows open that you can take advantage of, and it is pretty easy to sign up for a free credit score report from all three major bureaus.  Monitoring these scores can help you improve lower scores, and obtain things like a better job, avoid foreclosure, and even navigate through this difficult economic time with a higher credit limit on a card with a lower interest rate.  And if you are fearful of putting your information online, there is nothing to fear, because with credit monitoring usually comes identity protection as well as tips and tricks to help protect your identity.  So if you are having financial troubles don’t hesitate, and sign up for a free credit score to start monitoring your credit and improving your life.