Your credit score operates on the assumption that the near future will look a lot like the recent past, and that going forward, people can be expected to behave pretty much as they always have.
Since most people will exhibit the same basic behaviors for years at a time, be they good or bad, it's not hard for the people who build credit scores to analyze you and your expected patterns of future behavior. If you have bad credit today, it only stands to reason that you'll have bad credit tomorrow.
So just how important is your credit score? Janet Bodnar of Kiplinger's Personal Finance magazine explains…
Making sure your credit score is high is super important
This is especially true if you plan to borrow money to buy a home. Here are three more tips on improving your credit score fast from Stacy Johnson of Money Talks News…
Here is that website Stacy mentioned where you can get a free copy of your credit report to see what your history says about you. Go to http://www.AnnualCreditReport.com
You can get a copy of your credit report free from each of the three major credit reporting agencies each year. So get one now, then get another 4 months from now, and the third four months after that. This way, you can be checking on your credit report every four months for free, and not wait a whole year to see what's going on. For the most part, with a few minor exceptions, all three credit reports will have basically the same things listed about your credit history.