Being that
landlords, car dealerships, employers, and lenders know your FICO score
it might be a good idea that you knew these details as well. The FICO
credit score you have is the key in your qualification for credit in
many cases. This factor helps determine both the amount and the amount
of interest you pay in most cases when receiving credit. The Score
Power product from the folks at Equifax brings management of your
personal finances closer at hand.
With the benefits of this Equifax credit monitoring product, instant
access online is available to your FICO score and credit report. An
explanation of what your credit scores value is comes included with the
service as does a breakdown of how you compare to the national average
and a generalized graph of how most lenders will view your
creditworthiness. With Equifax's Interactive Score Simulator, you can
see how personal actions on your part can change your score. If you
dont understand how the dynamics of credit scoring works, you can
access certain useful tips to help you better understand your current
credit situation.
The best feature I like is that with the service you are also issued a
confirmation number you can use to access Equifax's features for free
online credit disputes. When you purchase your Equifax credit report
via the internet, this number is located at the top of the credit
report. In as much the confirmation number is also located at the top
of the report if you order the report via the regular U.S. mail. Do
note that if you purchase your Equifax credit report via a reseller or
Equifax affiliate your credit report confirmation number may not be
present. The confirmation number is needed as an input with a service
you can use to take care of errors fast and simple. Also, accessing folks at their customer
service department 7 days a week with any questions or concerns with
the product is no problem at all.
Many folks may decide to upgrade to the 3-in-1 credit report with the
Score Power features as well. Your credit history from the 3 major
reporting agencies is included in this. Also as an option you can
purchase Score Watch. By using Equifax's Score Watch service, you can
keep an eye on your current credit score via their report delivery
service. This service will let you know when something has changed in
your file that might affect your ability to get credit.