What’s Your Credit Score?

| April 15, 2008 | 0 Comments

According to Wikipedia, a credit score “is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person, which is the perceived likelihood that the person will pay debts in a timely manner.” Lenders typically assess the potential risk involved in lending money to consumers by using these scores to determine who is qualified and at what percentage rate. These lenders include banks and credit card companies. This number not only affects your ability to get a loan, but also influences insurance companies, potential employers and apartment communities. When you go to apply for an apartment, your credit score is going to be checked! Do you know what it’s going to say?

Everyone is entitled to one free credit report every 12 months. One of the major agencies that provide credit reports are Experian, which has it’s their own method of calculating your credit score. Finding out your credit score, which range between 300-850, will make you informed so you know when to correct errors or work on a better score in the future.

To get your Free Credit Score, visit ForRent.com. On our Relocation Page we offer the opportunity for you to check your credit score with freecreditreport.com. Take the first step to knowing where you stand and check your score today!

Category: Health, Fitness, & Finances, Property Managers & Owners

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