| Savings | 3.62% | | One Year CD | 4.90% | | 30 Year Mortgage | 6.29% | | 4 Year Car Loan | 6.91% | | Personal Loan | 14.46% |
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Blotches on your credit report cost you.
But, don't despair. It's never too late to become credit worthy
-- just get started, and remember that it won't happen overnight.
Here are 5 steps for improving your credit rating:
1. Order your credit reports
Find out what the top three credit bureaus -- Equifax, Trans Union
and Experian -- are saying about you. It's likely that they're all
slightly different. Yes, different! Creditors don't have to report
to all three credit bureaus, so they typically report to the credit
bureau to which they also subscribe.
Time and money is
wasted, says Steve
Rhode,
president
and co-founder of Myvesta.org,
if you only order a report from one credit bureau. You can order
a credit report from each bureau for around $9. Some states cap.
If you've been denied credit, insurance or employment
because of your credit report, you are entitled to a free copy of
your report from the reporting agency. The company you applied to
must supply the credit bureau's name, address and telephone number.
You have 60 days after receiving the denial notice to request your
copy.
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