It’s Tax time again. It’s time to pull out those dusty receipts and scour the check book for deductible items. I’ve been enjoying using “Tax Cut” to do my taxes for several years now, it’s quick, easy and for $20 bucks it’s a good way to go.
I also do a couple of other personal finance chores this time of year. It’s a good idea to check your credit report for inaccuracies. I know several of you (including myself) are dedicated to debt free living, you might be thinking, “if I’m not in debt, why bother”?
Most of us will borrow money for a house. Your mortgage rate is based on your credit report. Also other things like insurance rates are based on your credit scores. It’s a good thing to check up on what information is being kept on you.
Once a year the credit repositories are required, by law, to give you a copy of your credit report. Get it. They are not however required to give you a free copy of what your credit score is. They want you to pay for it. This little interview will give you a decent idea what range you fit into.
I suggest you take the time to pull the free reports and inter the data as it appears on your report as you answer the questionnaire. The range you will fall into on the free score generator is VERY close to what your actual credit score will be. It’s close enough to predict interest and insurance rates. Go ahead and spend 15 minutes to do this little chore, its worth it.