Want to improve your credit scores? The Credit Fairy won't help.

Reblogger Coleen DeGroff
Real Estate Agent with Coldwell Banker M.M. Parrish Realtors BK3216615

GREAT resources for improving your credit!

Original content by Matt Stigliano

What's next?  No Santa Claus?

I was over at Steve Shatsky's blog and saw his post "Building Good Credit: Getting the Word Out."  The video above was produced by the Ad Council and attempts to help people learn a bit about credit and get them to visit www.creditfairy.org.  Good information on credit can sometimes be hard to find - not because it's not out there, but it because it's drowned out by bad and often misleading information.  This site is chock full of quality information on credit basics, understanding your credit report, how to dispute your credit report, bankruptcy, and improving your credit score.

Credit scores are often the most misunderstood thing in our lives.  I've had someone with a 800 credit score tell me they had bad credit and they thought no one would give them a loan.  I've had people with 440 scores tell me they had excellent credit.  As you can guess, both parties were wrong.  Credit scores control everything in our lives - housing, cars, insurance, loans, credit cards...you get the picture.  Having good credit will make it easier for you to get better deals on the credit you do need (many loans are based off of risk assessment - the worse your credit score, the higher you are as a risk to the lender...and therefore the higher your interest rates or down payments will be).

If you haven't seen your credit report lately, don't wait for the Credit Fairy to bring it to you - you are entitled to one from each of three main credit bureaus (Equifax, Experian, and TransUnion) once a year.  I suggest you request one every four months from a different bureau on a rotating basis - this will keep you updated over time to any inconsistencies on your report.

Visit www.annualcreditreport.com to get your free credit report.  Don't pay for them.

All content ©2008-2009 by Matt Stigliano, Realtor® unless otherwise noted.

 

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Rainmaker
272,170
Matt Stigliano
Kimberly Howell Properties (210) 646-HOME - San Antonio, TX

Coleen - Thanks for the reblog, although the credit should go to Steve Shatsky...I saw it on his blog first.  He's always on top of things!

Oct 05, 2009 04:02 AM #1
Rainmaker
263,654
Michael Bergin
Coldwell Banker Residential Brokerage - ABR - SRES - Alexandria, VA
Northern Virginia Real Estate

Thanks for bringing this to our attention Coleen.  Is wishing for the Credit Fairy like buying lottery tickets every weekend?

Michael

Oct 06, 2009 11:30 AM #2
Rainer
148,217
Coleen DeGroff
Coldwell Banker M.M. Parrish Realtors - Gainesville, FL
Haile Plantation Real Estate - Gainesville FL

Matt - Thanks for re-blogging this....otherwise I wouldn't have seen it!

 

And a big SHOUT-OUT to Steve Shatsky who originally posted it.


Hi Michael - thanks...Wish I could take credit....it was written by AR colleague Steve Shatsky, and reblogged by Matt Stigliano....which is how I saw it.  Now I've reblogged it and now you've seen it....AHHHH....the POWER of ReBlogging!  :)

Oct 06, 2009 12:55 PM #3
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Rainer
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Coleen DeGroff

Haile Plantation Real Estate - Gainesville FL
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