Instead of personally filing for a credit report in the agency s office, you simply need to go online to quickly pull them up. A credit report is generally presented in an easy-to-understand format, which won t require you to hire the services of a professional financial analyst to sort through the clutter. If you don't have the money to pay an existing credit card balance at the moment, try getting a loan from a family member or relative, so that your debts can be wiped off from your card, and your credit score also gets a helpful boost. Never Do Loan Shopping Whenever you continually shop for loans, or submit to as many lenders within just two weeks, your credit score will surely suffer a major drop. By making sure that their credit report is in stable condition, aspiring business owners can increase their chances of receiving business loans which offer flexible interest rates. Every person is entitled to a free credit report each year, and a good place to start checking on your credit rating is by going to the three major credit bureaus like Experian, Equifax and TransUnion. While getting a credit report usually comes at no extra cost, these companies are allowed to advertise other paid services, such as a credit monitoring service, which goes for a small monthly fee. A person s credit score ranges from 500 and 850, and this scale numerically defines a person s credit worthiness. If you wish to shop for a loan, try to do it on a short period of time, because inquiries that are done within only a few days of each other, are usually counted as just one inquiry. You can also reduce the number of inquiries you make on your credit score, by going to lenders whom you've already done research on, or show an inclination for doing business with you. Here are five common myths about credit scores. Myth No. 1 The Major Credit Bureaus Use Different Formulas In Computing A Credit Score This is one of the most common myths about credit scores. The truth is that the major credit bureaus, from Experian, Equifax to TransUnion all have a different term for the same score.