Monday, April 30, 2007

Personal Financial Tip Vol. 7 - What's your number?

What's the most important number in you every day life. Social security number? Phone number? ATM PIN?

Try your credit score. Your credit score is getting used for everything from insurance rates to employment review.

The three big credit bureaus use what called a FICO score to determine your credit worthiness. A score of over 700 is considered a good score.

While each of the credit services, Experian, Trans Union & Equifax will provide you with a copy of your most recent credit report (required by law). They usually will not provide you with a FICO score without a subscription.

If you contemplate making a move, buying a house or call, it's a good idea tho pay for the subscription so that you know how strong you are in the financing game.

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