determining the basics of your credit score

1. Determining the Basics of Your Credit Score There are different procedures that are used with your finances to make sure you remain in good standing. If you are able to keep your finances in order, then it is possible that you can create more alternatives for new lending, credit cards or purchases. However, if your score is too low, then there may be difficulty in getting financial assistance. Finding out your credit score and changing the overall points helps you to move forward with the right lending and alterations with your financial fortune. It is important to get a rating with your credit score at least once a year. The score determines all activity taken with credit cards, loan and payments that are linked to your name and social security number. The score adds up positive activity, such as payments made and loans that are no longer due. It also has points taken off with overdue or missed payments or inquiries about new credit cards or loans. Once you know the score, you can begin to change your finances by catching up with payments or altering your approach to finances. You not only want to check your activity with finances with the score but also want to determine if there is suspicious links to your record. Often, individuals will steal your identity or may lead to fraud to get credit cards or loans. If you see information that doesn’t belong to your recent activity, then you will need to file a case against the activity. You will then move into identity theft protection to change the outcome of your finances. The first step to getting assistance with identity theft protection is to report that there is activity not linked to your credit cards, loans or payments. This is easily identified with outstanding payments that you may be receiving in the mail. The system will investigate the activity of the payments. If it links to your information but was not filed as your loan then it is taken off your record. The information from the credit card and lending is then blocked so you do not receive false reports with your credit. Keeping your credit clean begins with checking into your credit score and making sure everything is reported correctly. You want to make sure your information is in good standing or that you are working toward better financial alternatives. You also want to make sure there is no question of identity theft or false reports on your credit. Taking the necessary steps to keep your finances in the proper order then provides you with more options for your future lending needs.