credit report vs. credit score?

[Mike]

Hello all. I'm new to the forum here and just wanted to get some peoples' feedback on this. When it comes to improving your credit most people want to know what their credit score is and they pay to check it on a monthly basis. In the meantime they are having a tough time paying their bills as it is and the money they are using to pay to check their credit could be better spent helping to eliminate their debts.I personally feel that as long as you check your credit reports on a yearly basis to make sure that your information is being reported accurately, and you budget your finances so that your bills are being payed before your luxury expenses like entertainment and cell phone, satellite, etc. that you will be on the right track to improving your credit. So many people always want to know exactly what their credit score is at all times. Is this a bad thing? I guess if you pay all of your bills on time and you have the extra money to spend its not so bad but I don't think that this is usually the case. If you apply for a loan/line of credit and get declined you can ask what your credit score is if you need to know. But if having a low credit score is the reason you've been declined you should plan on waiting atleast a year before reapplying.

[cliffpape]

Great question. Actually your credit does require management and that does not mean to constantly pull your credit. In addition, paying your bills on time is only the beginning to ensure your credit stays on track. It is paramount that you make sure that your credit score remains high (e.g.720 plus). You may ask why? The answer is you only have to look at current lending conditions where only people with a 720 plus credit score are finding it east to obtain financing. The problem lies in finding an ethical quality credit management company to manage and raise your credit score. Most companies only challenge late pays on your credit. Late pays only account for about 30% of your credit score. You need a company that will guide you through the does and don'ts of credit while you are attempting to raise your score. The best advice I can give you is to visit http://www.creditrestoreinc.com/ this company has a proven track record and will raise your score. Just remember with credit repair especially you get what you pay for. Hope this helps.