Your Credit Score?

  • Posted by a hidden member.
    Log in to view his profile

    Jul 08, 2010 1:01 PM GMT
    Maybe I am crazy, but I watch my credit score like a hawk! Do you think this is really necessary?

    I have this fear that someone is going to try to fuck with my credit and use my name for things.

    Have you guys had much success with credit monitoring services? I use the Experian Triple Advantage service.
  • HndsmKansan

    Posts: 16311

    Jul 08, 2010 1:12 PM GMT
    Because of your financial background, I can understand why you are atuned.. I dont' watch mine like a hawk, but I'm very aware. It drives me crazy how something like a credit check can lower my score.

    Credit is very important to ones lifestyle and success. It says something about who you are and is a measure when you apply for work or any kind of credit.

    I don't use a monitoring service, but my bf does and quotes me what is said anytime he has an improvement.
  • Posted by a hidden member.
    Log in to view his profile

    Jul 08, 2010 1:12 PM GMT
    My credit got fucked years ago when I was un/underemployed. Now I've learned to live without credit. The only drawback has been lack of ability to save for a new car or house, which practically require credit because it would take too many years to save that much money on a low-mid income. I have, however, found it possible to save a few thousand for a good used car that will last as long as a new car, but without the payments.

    Right now my credit is "probably" ok again, but I'm not going to check it because now I'm afraid of it...afraid of credit, that is. Especially with a job market that's unstable. I'm being a miser at the moment to get ready for unemployment when/if the oil hits our coastline.
  • Posted by a hidden member.
    Log in to view his profile

    Jul 09, 2010 7:03 AM GMT
    Put a credit watch on all of your credit reports, and you will have less to worry about. Nobody (even you) will be able to get additional credit without passing additional scrutiny, identity verification and authentication.

    As broke as I am, my credit score is still over 700.
  • Posted by a hidden member.
    Log in to view his profile

    Jul 09, 2010 7:05 AM GMT
    paulflexes said... I'm being a miser at the moment ...


    Smart and wise. Cut living expenses BEFORE any kind of unemployment event occurs. Don't anybody get to thinking that "Oh, I'm safe" because in a moment, you can find yourself fucked up the creek with a paddle stuck up your ass.

    Save lots of cash. Hoard gold.
  • Posted by a hidden member.
    Log in to view his profile

    Jul 09, 2010 7:28 AM GMT
    Those credit monitoring services aren't worth the money. From my previous job, I got the Experian thing for free. It's the same info that you get in your annual free credit reports. And they supposedly send you email alerts when someone tries to open a line of credit in your name. But by the time that happens, it will be too late.

    If you're concerned about identity theft, then contact all three credit reporting agencies and place a "freeze" on your credit records.There's a one-time fee of $10. One thing to note is that when you place a freeze on your credit, it makes it difficult for others to check your credit history. So if you're applying for a new credit card, or a loan, or renting a new apartment, you will have to un-freeze your records. And then freeze them again later.

    http://consumerist.com/2007/11/how-to-freeze-your-credit-report.html