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No doubt you’ve probably seen a commercial offering you the opportunity to request your free credit report or free credit score. What is the big fuss about? Why all the big hoopla over credit reports and credit scores lately?

To start, you need copies of your credit report and credit score. Let’s start with your credit report first. You can get your free yearly credit reports from the government. The government allows you to request credit reports from the three major credit reporting agencies each year.

This only gives you half the information you need about your credit profile. Next, you need your credit score. The government does not have a program that allows you to get an absolutely free credit score. One way is to sign up for a free credit monitoring trial which will give you a free copy of your credit report and credit score.

With your credit score in front of you you can now understand what good credit scores are. You FICO score goes from 300 on the low end to 850 on the high end. And of course the higher the number you have the better. 750 to 850 are considered the best credit scores and will give you the best interest rates on your loans and insurance rates.

This is the main benefit of having a good credit score, you will qualify for the lowest mortgage rates, you will not be denied a job based on your credit score, and you will have the best credit card offers. So this explains why your credit score is so vital.

The score comes from the info in your credit reports. Ensuring accurate information in your credit report will give you the best credit score. Check your credit reports from each different agency every four months and correct any errors you may find. That way you can save money on all the financial products you use.