Credit Scores, Credit Reports and Credit Checks; Credit Card Financing and Low Interest Financing Rates Sought; News February 13th, 2011

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Consumer confidence is on the rise and the overall national unemployment rate is improving. Now, with the economic recovery moving forward, Americans are coming off the sidelines and moving with the market. Credit Card access and good interest rates are sought after to save money when financing. Part of the process of reintegration is gaining access to credit. Credit scores can make or break potential access to financing options and are thus important to individuals attempting to move forward with the economy. Americans consumers are gaining confidence as evidenced by last week’s consumer confidence report via the University of Michigan. The increase in confidence is also cause for more consumers entering the market and thus a rise in consumer credit checks. Americans legally have access to specific information via the Wall Street Reform Act passed last year. If an American consumer is denied a loan or receives a lesser credit limit or interest rate higher than those given to other consumers, then the consumer has a right to request a copy of their credit score. These documents will provide vital information as to why you received the specific rate that you received. It should also give the consumer information pertaining to their specific credit score and should also indicate whether the consumers credit score is high or low. Americans are entitled to one free credit report per every 12 months and credit report information can be obtained via the annual credit report site on-line. Author: Stephen Johnson

Credit Scores, Credit Reports and Credit Checks; Credit Card Financing and Low Interest Financing Rates Sought; News February 13th, 2011