FICO isn't your only score

Checking your credit score can be done at any one of the three credit bureaus Experian, Equifax or Trans Union. Each bureaus office FICO credit scores using the formula developed by Fair Isaac but the difference is each give their score a different name. Equifax is known as the Beacon, TransUnion; Empirica and Experian go by Experian/Fair Isaac Risk Model.

To complicate matters further each bureau will give a different score due to the bureaus not sharing data. One credit agency may use more account information than another, using details such as the type of account, payment history or credit limits and balances due. This reflects a different score.

Due to such differences, it is useful to obtain reports from each bureau. Most loan companies will obtain all three but work from the average number. It will pay off to monitor your credit report throughout the year making corrections when necessary. Obtain new credit sparingly.

For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/


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Mail Identity Theft

Finding your letters, boxes and bank statements scattered across the county is a reminder to keep a close eye on everything coming in and out of your mailbox.
Mail often contains personal information about you and your personal finances. Thieves snatch the mail and sort through it to get credit cards, social security numbers, bank statements, checks or other personal information for mail identity theft.
Tips to avoid becoming a victim of mail identity theft: Never place outgoing mail in your curbside mailbox. Use a Post Office box for collection.

Pick-up your incoming mail as soon as possible after it is delivered. If that isn't possible, consider renting a post office box. Use a locking mail box that is bolted down Never mail money through the mail. If you are on vacation, call the U.S. Postal Service to request a vacation hold on your mail or visit the post office or mail service business filling out a hold mail card. Check your credit report regularly. Credit reports can be accessed three times per year free of charge.  Check with Experian Credit Services for a rapid response in obtaining your next report Ask that your checks be delivered to your bank instead of your home. Carefully review your financial statements on a regular basis for possible errors and/or identity fraud. Review these documents monthly if possible. Shred all documents containing personal information before throwing them away. Notify your local post office and anyone you do business with of an address change. If your mail has been taken, reporting theft to your local Police Department and notify your property manager. For additional information on this and other renting articles please visit our website at Mountain Ridge Property Management
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