Credit Scores Hurt Your Credit Score is held against him? More and more the staples of life depend on your credit score. Your mortgage, insurance premiums, employment opportunities and even your landlord may use your credit score to determine your financial future. In some cases, utility companies are basing the size of your deposit into your credit score. Landlords are determining your reliability as a tenant. Insurance companies are setting the size of their premiums on the basis of your credit score. Professor Rita McGrath gathered all the information. Many more employers are also using your score to determine its reliability. According to a 2004 survey by the U.S. Public Interest Research Group, 25% of credit reports that his list of activities and loans, had errors serious enough to cause a consumer to be rejected for a loan or job.

For erronius counter information in your credit score you should review your FICO scores at least once a year or several months before applying for a loan. Check for negative information, errors or suspicious activity that might suggest identity theft. The best place to check is myfico.com. The three major credit bureaus also sell their credit reports, but are not as reliable because none of them offer their FICO credit scores with your credit report. The best strategy to stay on top of your credit information is to pay the extra money to get your FICO score. They also apply to your credit report from one of the three credit bureaus every month.