How Does a Person Check Credit Ratings?

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Credit scores can be checked by the individual who has their own credit at risk and by the lender who is looking to grant credit to the individual. Monitor personal credit by gaining access to one of the three bureaus of credit with help from a registered financial consultant in this free video on credit and personal finance.

Part of the Video Series: Credit & Personal Finance
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Video Transcript

This is financial adviser, Patrick Munro talking about how does a person check a credit score? Credit scores are checked two ways by the individual that has their own credit at risk and also by a vendor or service provider who is looking to grant credit to an individual. The vendor normally will have to pay a fee to a credit bureau to allow them to access a data base showing how that individual performs. That would be landlords, that would be educational institutions and insurance companies, things of that nature. Of course you yourself can monitor your own credit by accessing the three bureaus of credit that is Experian, Transunion and Equifax. They can have mailing addresses and we encourage you to send rate or letters to them on a regular basis and receive your credit reports so that you will monitor any exceptions to the credit. You can also get this information on line. This is Patrick Munro discussing how you can check the status of a credit report.


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