December 20, 2014

Protecting Your Credit Score

Issues with your credit history can affect whether or not you get a job or a loan for a car.

Ginger Broslat | 11/8/2012

It may surprise you to know that some employers check credit history just like they check for any legal problems in your background. Do your best to keep a strong credit score. Also, be sure your credit history is accurate. Some people have discovered they were victims of identity theft by simply checking their history.

#1 Monitor your credit report.
You are entitled to one free report per year from each of the three main credit reporting agencies: Equifax, Experian, TransUnion. All three agencies can be accessed in one convenient location: www.AnnualCreditReport.com

The credit report contains your personal information, account activity, public records (bankruptcy/liens), negative information (defaulted loans/collection agency) and inquiries.

Review each section of the report for accuracy, and be sure to notify the credit reporting agency of any discrepancies such as an incorrect address, accounts with open balances that you know are paid in full or accounts that have been opened in your name without your knowledge.

Discrepancies can be reported through the agency’s website as a “consumer dispute,” which is required by law to be investigated and findings reported to you in a timely manner by the credit reporting agency.

#2 Check your credit score.
Credit scores range from 350 (low) to 850 (high). The higher your score, the better chances you will be able to obtain more credit. Credit scores can be obtained for a small fee at www.MyFICO.com or www.AnnualCreditReport.com.

Sixty-five percent of your credit score relates to paying your bills on time and keeping your balances low. Pay attention to these items as you work hard to establish good credit and keep yourself “creditworthy.”

Tags: Florida Career Connections, Pay Your Way

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Benefits management trends in Florida
Benefits management trends in Florida

David Faulkenberry, president, FBMC Benefits Management, explains what benefits most employers want to offer staff and what impact the ACA has had on public sector clients so far.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

How do you feel about the historic decision to remodel US-Cuba relations?

  • Well, it's about time!
  • I'm cautiously optimistic...
  • I'm skeptical about this at best...
  • Not in favor at all: Keep the embargo strong!

See Results

Ballot Box
Subscribe