What is your financial worth today? This is the question of the week. Are you in so much debt that your financial worth is in the negatives. If you were to die today, how much debt would you leave your spouse/family? Does your spouse know how much debt you(and she/he) has?
This week I would like for you to check your credit report/profile. This is a simple task, but it accomplishes alot. Your credit score affects the interest rates you receive on credit cards and other items. It is now used to determine health insurance premiums and other items. You should always check your credit report at least once a year. Check for errors and all negative impacts on your credit report.
You may check your credit report once a year, from each credit reporting agency and when you are denied credit free of charge. Along with your credit profile, it will give you suggestions on how to improve your credit profile.
You may want to check your credit FICO score once a year as well. This is not free, but will normally cost you $10.00 to $20.00 dollars. But this is money well spent. It will let you know your status and how much work you need to do to improve your credit.
So go to annualcreditreport.com and sign up to receive your credit profile. If you are asked for a credit card you are at the wrong site.
Just know that there is no quick fix for improving your credit score. It took you a few years to get a low score, and it takes the same time to improve your score.
With our ecomonic times, you need to know where you stand exactly. After you review your profile, take action to make changes!
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