Gray, GA - (ACCESSWIRE) - What if I told you that there is information about you being shared daily with companies all around the world, would you believe me? What if I told you the information being shared isn't even correct data, does that make it better or worse? The fact is if you have ever applied anywhere for credit and whether you received it or not, you have just created a file.
The three major credit bureaus, TransUnion, Equifax, and Experian are responsible for housing credit files on more than 200 million people. With just an average of 5 reported accounts on each person means they have to manage a billion credit accounts. The technology is there to store the data but unfortunately the data has many mistakes so companies aren't always getting a clear picture whether we are a high risk or not.
You may be thinking, "as long as they determine lines of credit from a credit score, who really cares about the data?" Well, the credit data you have or may not have constitutes a credit score so with the credit data being wrong the score being provided isn't correct but it still determines whether credit is established and what interest rate you will be charged. Some consumers are so excited they were approved, they don't factor in that a higher score would produce the best rate ultimately saving hundreds if not thousands of dollars over a lifetime.
There are many ways to obtain a credit report whether for free or at a nominal cost. There are even sites you can find that will actually provide a free credit score. Remember though, studies have established the credit data in most cases is incorrect and common sense says even a free score with incorrect data is worthless too. ScoreNavigator.com also provides consumers with an inaccurate credit report including a score but, the probable errors are highlighted and recommendations are posted to show consumers how to correct the inaccuracies.
ScoreNavigator.com also includes their Point Deduction Technology software that analyzes the credit data and assigns a numerical deduction from 0 to 100+ so you will know more on how the accuracies and inaccuracies affect your credit score the most. This is very important because you can now recover valuable points before applying for credit. Know before you Go.
ScoreNavigator.com also provides consumers with a target score simulator and a money simulator to help achieve a desired score. The target score simulator allows you to input a score and an action plan is created, navigating the consumer with easy steps to recapture valuable points. The money simulator helps determine where to put disposable dollars to gain points.
Software analyzing credit data limits the amount of mistakes consumers will make while building, maximizing, and maintaining a high credit score rating. ScoreNavigator.com contacts each member within 72 hours to make sure the member fully understands the report, recommendations, simulators, and other provided credit tools.
ScoreNavigator, a wholly owned subsidiary of Crednology Holding Corp, (OTC Pink: COHO) is a credit analysis tool designed for consumers and loan originators. It analyzes the electronic version of a credit report and recommends the quickest way to achieve a credit score and to achieve the score needed for loan approval. It is a scientific analytical tool. Its recommendations are based on the understanding of credit score calculations and how different factors affect scores either positively or negatively. ScoreNavigator can only suggest actions a consumer can take. ScoreNavigator itself cannot directly cause credit scores to rise or fall. ScoreNavigator is a tool used by consumers and loan originators to maximize a credit score resulting in more approvals and closed loans. For further information, visit http://www.scorenavigator.com/.
Rusty M. Bresse, President
Corporate Website: http://www.credholdingcorp.com/
Source: ScoreNavigator Inc.
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