With Americans reeling off from the most recent recession in the economy in 2007-2008, credit scores have been a hot debate on how it has affected the credit and loan opportunities of millions of consumers across the country. Not having the ability to repay financial obligations reflected poorly on credit reports and as these consumers would soon find out, it will have a negative effect on their respective credit reports.

As consumers worked on improving the less than desirable credit scores, the hard work has been paying off. From a recent survey, majority of consumers that has been making proactive steps in reforming their credit scores are satisfied with their efforts. About 66% of the respondents are happy with their credit rating and almost half felt a certain amount of pride with the achievement.

The article shares as well the top instances consumers should check credit scores. Most important of which is when the consumer is applying for new credit. New credit requires background check including credit scores. Even before going to the bank and opening up a new credit tool, consumers should exercise due diligence and check their credit reports already.

Getting married is another instance where checking credit scores of both parties is important. This is to make sure that the credit score of one does not affect the other. This will also have a bearing when the couple decides to get a mortgage loan because both of the scores are considered. If the consumer is thinking if acting on a major life event like getting a car or moving to another state, checking credit scores should be a top priority.

The article explains that consumers should also check credit reports when their gut is sensing that something is wrong. One worst case is identity theft and the thief getting access to credit details. This can allow the crook to charge up costs to the unwilling consumer's credit. If the lender does not figure this out, the consumer's credit score will get affected for non-payment of the purchases.

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