Essentially, it talks about how one of the three credit scores can sneak up on you if you don't check with all three credit bureaus. The bad credit score, or "bad guy", can bring your credit rating down, without your knowledge. Additionally, they offer 24/7 credit alerts, find inaccuracies on your reports (and, believe me, I've had some before!), and keep a close eye on identity theft.
With the prospect of purchasing a house in our near future, we will need to order our credit reports soon and analyze them to see if there is anything that is bringing our scores down or things we can do to improve our scores. It's going to be one of those no-fun things, but now that I know about FreeScore, I'm going to have to give them a shot.
I've been through the whole buying-a-house routine before and the realtor was actually kind enough to go over our credit report. She showed us the items to pay off that would increase our credit scores over time, as well as explained to us that creditors will settle for a percentage of the total bill - never pay the total amount on your credit report to past creditors! Offer 50% and then negotiate from there. You would be surprised what creditors will settle for! Once there is an agreement, be sure to get it in writing before paying them any money. If you are planning on repairing your credit, you can actually do some of it on your own, however I definitely recommend getting some advice from people who know how the system and how to do it right.
You can view the FreeScore commercial for yourself.
Do you monitor your credit? How do you do it?
