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Knowing and understanding your credit score can make a huge difference when it comes to obtaining a mortgage. Getting the most accurate and up-to-date information is vital, especially in today's tightening credit market. One of the best known companies that helps consumers with understanding their credit is Equifax, Inc. MyReviewsNow Online Shopping Store gives some insight into credit monitoring. Headquartered in Atlanta, Ga., Equifax is one of the most trusted and accurate sources for getting credit scores. They have been in business for over 100 hundred years and have offices in 15 countries with approximately 7,000 employees. Their products and services range from supplying credit scores, daily monitoring of individual credit reports, providing an Interactive Score EstimatorTM, and securing Identity Theft Insurance. First of all, your credit score plays a pivotal role when you apply for a mortgage. In many cases your score will dictate the rate and term offered by the lender. By using Equifax to check your score beforehand you will be able to better understand the basis of the lender's mortgage offer and then use the information to negotiate the best deal available. It also eliminates the likelihood of being surprised by what the report contains. An additional product offered by Equifax is the ability to monitor your report on a daily basis. In today's market environment it is wise to keep abreast of your report and any changes that are made. Equifax will send you alerts of key changes in your reports. Catching a mistake early can save time and money. It's also smart to monitor who is looking at your report and why. If they have a legitimate reason, then no need to worry. If it is an unauthorized inquiry, it can serve as a red flag. Understanding how adding a line of credit will affect your score is another great feature that is offered by Equifax. Knowing what will happen to your score before you apply for a mortgage is a tremendous resource to have available when it comes to managing your overall finances. The Interactive Score EstimatorTM offered by Equifax gives you the ability to see how future actions would affect your score. This resource can play a key role when it comes to managing current and future credit accounts. By having the ability to see the overall affect beforehand, making informed credit decisions becomes easier. Another advantage Equifax offers is Identity Theft Insurance. The number of identity thefts continues to rise each year, so this is a great product to have available. The damage that is done when your identity has been stolen can be severe and catastrophic. It could seriously damage your credit score and make it difficult to get a mortgage or other loans. It can destroy your finances and affect future employment opportunities. In most cases it could take months to figure out if you have fallen victim to identity theft and even more months to once again secure your identity. By having Identity Theft Insurance, you can have peace of mind that if someone does use your identity for their financial gain, you and your assets would be protected. Lastly, combining these product offerings from Equifax will give you the best knowledge and protection available. Knowing your current score is the first step, but also being able to gauge how a future line of credit will affect your score is just as important. Monitoring your credit report on a daily basis helps to keep track of any key changes and helps to combat identity theft by being aware of it early rather than months later. Overall, the products and services offered by Equifax are a tremendous resource to have available at your disposal. So before you apply for a mortgage, use Equifax to check your score and take advantage of these products. You will then make informed decisions and protect your finances. Go to MyReviewsNow Online Shopping Store and visit Equifax for more information.
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