Quick — do you know your credit score? Perhaps more
important, do you know what a solid credit score is today?
Your credit score is a reflection of your creditworthiness. With
a high credit score, you may be able to realize lower interest
rates on mortgage or auto loans and credit cards. To put yourself
in the most-favored category of borrowers, you'll need a credit
score of at least 740. So it's worth your while to achieve and
maintain a score of 740 or higher.
Reviewing Your Credit Report
Credit data is maintained by three major credit-reporting
agencies — Equifax, Experian and TransUnion — that
share your credit information with lenders and others that request
it. To obtain a copy of your credit report, consider visiting annualcreditreport.com. According to the Federal
Reserve Board, this is the only authorized online source for a free
credit report.
