Credit Reports Can Cost You More than Money

I always keep my eyes open fr new information and content to add the the Wealth Builder University.

This morning there was a valuable piece of information at Bankrate.com's website entitled, "How a bad credit score can cost you".

In addition to the usual issues such as higher interest charges you might have to pay, the article raised the issue of, "your credit score can decide where you live, what you drive, your insurance, where you work…".

It did not point out the percentage of "errors" found in the average credit report and that those errors may cost you the opportunity to get a job.

Many companies now use your credit report as a source of information to help them make hiring decisions!

Imagine losing your job because someone else made a mistake on your credit report.

In 2004 CNN reported that " Twenty-five percent of credit reports contain errors serious enough to deny consumers access to credit, favorable loan rates and in some cases a job…."

In that report CNN quoted some of the key findings in the study conducted by the consumer group PIRG, which included the fact that " In all, seventy-nine percent of the credit reports sampled contained errors of some kind."

Check out the College of Credit Score Management at the www.WealthBuilderUniversity.com for more information and practical steps you can take to manage your own credit score at no cost.

Good luck and good health,

Alex Weiss, Co-Founder

www.WealthBuilderUniversity.com

Check out the College of Credit Score Management