Credit Reports and Credit Monitoring Services
Credit rating is almost everything these days. Whether you want a credit card or a loan, you cannot get anywhere if you do not have a decent credit rating. You are generally expected to have a credit score of above 500, although some people have a credit score as high as 800. The first thing you need to know and clear some misconceptions is that checking your credit score often or asking the three credit bureaus, Experian, Equifax or TransUnion for your credit reports doesn’t reduce your existing credit rating. You are entitled to one free copy after you which you need to pay some nominal amount. However, there are many advantages of keeping a tab on credit reports.
If your credit rating is high, the interest rate on your credit card outstanding dues is much less. Similarly you are not considered to be a risky prospect which means that you will find it easier to get personal loans without security deposits and at very low interest rates. Also, your insurance premiums would cost you less and you will be eligible for top class rewards credit cards that give you great benefits and help you pile on even more savings. But all this starts with your credit rating which has to be improved all the time. The best way to do that is through credit monitoring service. National Credit report will certainly help you a lot with respect to your credit rating.
At National Credit Report, you get your current Experian credit report and Experian credit score free of cost. You will also get a 7 day free trial of the credit monitoring service. You will get access to your credit report and credit score 24 X 7. Most importantly, you will also get identity theft insurance worth a whopping 25000 dollars. There are immense benefits of getting access to your credit report and credit rating. You will develop a good idea of how much your credit rating can change when you pay off the bills in time and in fact pay a few extra dollars over the regular monthly payment. It will show you how your credit rating and your score are going up.
Credit monitoring service too is an important tool that can be put to really good use. First of all you will get email alerts whenever someone has enquired for your credit report. This means you will get a good idea of whether your credit rating is good enough for the credit card that you applied or the car loan that you are looking to take. The monitoring service will also protect you from potential frauds. This is also a good way of checking your credit file for fraudulent transactions on your credit card or activity that is suspicious. Such checks can help uncover fraudulent transactions that lower your credit rating which you should avoid at all costs. You will also get emails when there have been no credit enquiries or changes to your credit file for a whole month.
For more information about credit reports and credit monitoring service do visit www.nationalcreditreport.com