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Jan 7
Who Looks at Your Credit Score?

Today we continue our look at the credit score and mortgage financing. It is important to realize who looks at your credit score. This way, you are aware of what your FICO score is used for, and who may be looking at it. When you realize that your auto insurance company may look at it when you apply to have another car added, you may think twice about doing it within six months of applying for a home loan.

Almost everyone wants your credit score now

Mortgage lenders and other creditors are not the only people looking at your credit score. When you sign up for satellite or cable TV, you might have to go through a credit check (it will show up in your FICO score later). Others who might be interested in your credit score include:

  • Landlords -- they want to know if you will pay reliably
  • Employers -- will you be an embezzlement or bribery risk? especially in security situations
  • Insurance companies -- you can get discounts for a good credit score.
Be aware of who is pulling your credit report. When you apply for something new, ask if your credit report will be checked. You might be surprised at the answer.

2 Comments/Trackbacks




» How to Improve Your Credit Score from LendingLeaves
Today is all about how to impro... [Read More]

» What Mortgage Lenders Use Your Credit Score For from LendingLeaves
Most people know that it is important to have a good credit score when they apply for a home loan, but they aren't entirely sure why. [Read More]

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