Finding out your credit rating

When you are planning on asking for a loan of any kind, the first thing you should do is to find out about your credit rating a few months in advance. This will help you ascertain that your credit rating is good, that there are no errors in your file and that your personal information is correct. If on the off chance you find out that your credit rating is bad then you will have a chance to improve it before applying for that loan – thereby increasing your chances of being accepted. How does one go about finding our about their credit rating? There are many sources available for this search. Some places require you to pay a small fee others such as Equifax and FreeCreditOnline.com offer free credit reports. Another good place to look in the United States is Dunn and Bradstreet, although their focus is on business and not personal credit reports. In Canada another place an individual can access their credit report is from Credit Rating Canada. Finding out about your credit rating can be an eye opener for many people. Sometimes a small error can wreck havoc with a person’s credit history and such things should be fixed immediately before it grows bigger. It is one of the reasons why even if you are not looking at borrowing money in the near future, it is recommended that you periodically find out your credit rating just to make sure that everything is correct. Finding out your credit rating can be a shock but it is always best to be prepared and know exactly where you stand where your finances are concerned.