What does it take to get a good credit rating score?  Well, first it takes time.  Having good credit doesn’t happen overnight.  You’ll need to actually HAVE credit before you worry about a good credit rating score.  To do that, you may want to start out small with a department store or gas credit card.  These are relatively easy to get.  Once you have the card, charge some small items and then pay the bill off in full for several months. We must caution you here – don’t charge more than what you can pay off in full.  If you carry a balance, it won’t reflect well on your credit report.

Another way to get a good credit rating score is to have a co-signer on a large loan like a car loan.  The co-signer is basically guaranteeing that you will pay the loan and if you do, it will reflect very well on your credit report and raise your credit score.  You see, what you need to get a good credit rating score is a history of on-time payments and no abuse of credit.

What we mean by that is that you don’t want to apply for and get several different credit cards and charge items on all of them.  This just shows the credit companies that you are being irresponsible with your credit and have little financial finesse or know-how when it comes to managing money.

To get a good credit rating score, the most important thing to remember is to pay on time.  We can’t stress this enough.  Most companies that extend credit to you will allow you a grace period to make the payment.  For example, if your payment is due on the first of the month, they usually tell you late charges will occur if you pay after the 13th.  So essentially, you have between the 1st and the 13th to make your payment.  While this sounds great, if you wait until the 13th to make your payment, this really can reflect poorly on your credit report.  So if your bill is due on the 1st, pay it on the 29th, 30th, or 31st of the previous month just to be sure.

A great way to insure that you are making on-time payments is to have them deducted directly from your checking account.  This alone will contribute toward a good credit rating score because it shows fiscal responsibility.  Plus, it insures that your payments are made on time and you won’t miss any payments.  Of course, you’ll have to be sure there’s enough money in your account to cover the payments since credit bureaus also look at your checking accounts.

Getting and maintaining a good credit rating score is actually quite easy when you set your mind to it.

Many people may not be familiar with the Moody’s credit rating system or even Moody’s the company itself.  The most prominent company in determining credit ratings is Fair Isaac, but Moody’s is also a player in the credit rating and financial market.

Moody’s provides more than just credit ratings.  They also give lenders extensive research tools and risk analysis when it comes to consumers and their credit worthiness.  They are a global company and employ over 3,000 people all over the world.

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Back in the late 1950’s, a company named Fair Isaac came up with a way to assign a number to consumers that would reflect their credit worthiness which we know today as the credit rating. It is a three digit number that tells prospective lenders if you are a good credit risk or a bad credit risk. Your credit rating makes the difference between whether or not you can get a line of credit or a loan.

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There are three credit report bureaus where you can obtain your free online credit report, one of which is Equifax. Equifax could very well be one of the oldest credit reporting bureaus around as they have been providing lenders with credit reporting services for over one hundred years!

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There are three major credit reporting bureaus that can offer you a free credit report. They are Experian, Equifax, and Transunion, and all can be found easily online. These three bureaus provide credit reports to everyday consumers, but, unfortunately, you are only entitled to have one credit report for free.

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We live in a society where the Internet nearly rules our lives which is great for people who want to get their free credit report online. Everyone in the United States is entitled to get a free copy of their credit report and the best part is that it is almost instantaneously available online with just a few keystrokes and patience.

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As a consumer in the United States, the Federal Government decided back in 2003 that you are entitled to receive a free annual credit report so you can monitor your credit and your credit rating. The FACT Act was passed unanimously so that all Americans could get a free annual credit report and be able to keep track of what the credit reporting agencies were compiling on them.

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A credit report seasoned trade line is a method of allowing strangers with bad credit to become authorized users on a credit card account of someone with good credit for a fee. This is also known as piggybacking and can be very helpful to people who have bad credit and fear they will never be able to have good credit. Of course, there is some controversy to the credit report seasoned trade line business.

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As a consumer in the United States, the Federal Government decided back in 2003 that you are entitled to receive a free annual credit report so you can monitor your credit and your credit rating. The FACT Act was passed unanimously so that all Americans could get a free annual credit report and be able to keep track of what the credit reporting agencies were compiling on them.

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On December 4, 2003, President George W. Bush signed into law the Fair and Accurate Credit Transactions (FACT) act that provide one free credit report to all citizens of the United States per year. This came about as the result of a rise in identity theft and the need for citizens to able to view and monitor their credit reports to check for accuracy of information.

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