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Thursday, August 11, 2011

How to Obtain Your Free Credit Score, Maintain a Good Credit Score

These days, with more and more security threats that can lead to identity theft and other forms of financial fraud, combined with a growing reliance on purchasing with credit, it is very important to monitor your credit score on a regular basis.

Thanks to technology and the Internet, along with advances in consumer rights laws, it has never been easier to obtain your free credit score.

Not keeping track of your credit score can have serious consequences, both at the immediate moment and certainly further down the road, as well. For example, you can eventually become, or perhaps you already are, a victim of identity theft and other forms of fraud without even knowing it. Or maybe you're about to apply for a credit card or loan, only to be sideswiped by a not-so-good surprise in your credit score because you were not monitoring it on a regular basis for accuracy and signs of trouble, trouble that you most likely could have easily and quickly resolved had you known about it.

In order to maintain a good credit score, make your payments on time, always strive to pay more than the required minimum payment, closely guard your personal financial papers and other information, and check your credit score from time to time to ensure that all details reflected in it are correct.

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