If you thought about buying a home and during the loan application process you realized that your credit score was holding you back – don’t worry, you’re not alone! In fact, below-average credit scores are one of the most common reasons why mortgage applications are denied.
A Good Way to Raise Your Credit Score: Dispute and Remove Errors!
According to a survey done by the US Public Interest Research Groups, 8 out of 10 credit reports contain some kind of mistake and some of these mistakes are serious. You can often raise your credit score by disputing and fixing mistakes in your credit report by contacting the three main credit bureaus, Equifax, Experian and TransUnion.
A Good Way to Monitor Your Credit Score: Use Quizzle!
One way to easily start monitoring your credit score is by creating a profile at Quizzle.com. What is Quizzle, you ask? It’s a free personal finance site that helps you get a better understanding of your credit and an easy way to manage your home, money and credit in one spot. You basically answer a few questions about your financial status and BOOM- you get your free instant credit report plus much more.
Quizzle also gives your credit score a grade, shows you how many points you could improve your credit by (based on your credit report) and offers tips and tools to help you raise your credit score. They help you create a budget and come up with a plan to pay off debt faster. And, if you do find a mistake in your credit report, you can dispute the information with the credit bureaus directly from your Quizzle profile.
When you create your profile, you will be pleasantly surprised to see that:
1) Creating an account is FREE – no free trials or gimmicks
2) Quizzle never asks for your Social Security Number (this is a big one because of the risk of online identity theft)
3) You only enter your credit card number when you choose to sign up for one of their products
Anyone who is interested in either improving, building or maintaining their credit score could benefit from Quizzle’s services. This is especially true if you are thinking about purchasing a new home or refinancing. So, check it out and tell us what you think!
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