Credit Report Shame

When dealing with your credit report and fico score, there is one important thing to keep in mind. The system is broken and there is no plan to fix it. Why wont they fix it? The credit report companies are tied into the financial institutions. The financial institution make more money off of lower fico score borrowers than higher. This doesn't mean that you have to sit back and take it. You can go to www.getprequalified.com for more information on how to fix your credit report. Over 90% of credit reports have at least one error on them.

It is also smart to take a look at your credit report a couple of times a year. When dealing with your credit card company or financial institution, get everything in writing. If you have errors on your credit report in the future, it will be much harder to remove them from your report versus have documentation from them for what they promised to do. They don't keep track of what they promise you. You must be vigilant for your own credit affairs. To get a free credit report go to www.getprequalified.com.