One of our goals for 2012 is to bring up our credit score number. When we bought our Jeep three years ago, my husband’s credit score was good. Two years later it was poor. That is what late payments will get you – a bad credit score. So, lesson learned – again. Pay those bills on time. We will also keep closer watch on our credit report so we can fix any mistakes that may happen in error or through identity theft.
Identity theft could really hurt our score and will take a while to sort through all the damage. Since we are planning to buy a house in the near future, we definitely do not want any surprises showing up on our credit report. A high credit score is very important for getting a good interest rate. You cannot just figure out your credit score by studying your credit report. Different agencies use slightly different formulas.
Every six months, I plan to check our credit score. There are several ways to obtain a free credit score. From what I’ve seen on the Internet, most are given as part of a free trial for a service that you can cancel at anytime. It’s important to read the fine print.
Since it is almost the new year, I will check our credit score in January and then again in June. We are paying down our debt and paying all of our bills on time. It will be fun to see just how much our credit score may change.
It is the perfect time of the year to make financial goals for the new year. Let’s hope 2012 brings prosperity and a higher credit score!




