Pay more closely to your credit card statement next time you get it in the mail, you will notice that there are areas that are more well define. It will show your APR Interest rate a lot more clearer on your statement and you won’t need to go looking for it. It also tries to encourage you to pay off your credit card bill by putting a line in there that tells you how many years it will take to pay off your credit card debt if you only pay the minimum.

Because of a bill passed called the credit card act, finance companies must disclose information to the consumer like this. On the other hand, credit score reporting agencies are also effected by these new government regulations.

It’s important that you get a handle on your credit reports free credit score. It’s important that you get a handle on your credit score and credit reporting so that everything is accurate.

About your credit score, it can be anywhere between the numerical values of 300 to 850. Once a debt is paid off, it will look better on your credit score. With the credit card regulations, your credit card APR rate may be at a better rate if you have a better credit score.

To get a better gauge of what your financial situation is, get your free credit reports check online. A tell tale sign of a good score if it is anywhere above 700 or 800 if you are lucky.

You can have time on your side if you are meticulous about it early on in life. For kids these days in college, they need loans so they can first check their student loan credit report. No one else will tell you to check your score for you so you can take a look at it yourself and make sure that there are no errors.