Now, I’m not 100% sure that all companies use this and I’m hoping that I get some that may be in the industry to respond to this post. But, so many large purchases involve a quick look into your credit that I wouldn’t be surprised it insurance companies (who have cost effective access to the data readily available) take a peek. If this is the case, then it’s not hard to extrapolate that the better your score the better your rate. so, if you can hold off renegotiating till your score improves it may save you some cash in the long run.
You shouldn’t have to pay to check your credit score though there are lots and lots of credit checking serives that not only charge you but they opt you into a recurring monthly fee (beware). This is one monthly fee that you may not need. All three credit companies: equifax, experian, can’ think of third at the moment, are required by law to give consumers a copy of their credit reports for FREE. Not FREE if you subscribe to a monthly monitoring service. Now, it may take a while to navigate the phone system or internet site, but if you are willing to order your report and get it in the mail vs. online then your report is 100% free.
If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit).
Trying to keep your money in your pocket? Remember to use a money clip.
Crazy 4 Money Clips
Crazy Bill Wilson
Copyright ©2010 Crazy Bill Wilson