Get Free Credit Report

Are You aware that your credit score could end up saving you hundreds, or oven thousands, of dollares? Lenders make use of credit scores to help them determine the "Credit worthiness" of consumers applying for credit cards, lines of credit, or loans. The applicant's credit score is usually used for figuring out whether they qualify for credit and what terms and/or interest rates they will receive if so. The willingness to repay a debt, or your credit worthiness, is indicated by how timely past payments have been made to other landers, as lenders like to see consumer debt obligations paid on a monthly basis.

Credit scores are calculated on data in your credit reports and change over time. It is VERY important, therefore, to know what your credit score is and to stay on top of your credit reports for changes that could effect your score(s). Fortunately, there are a number of credit report solutions available for you to check your current score with the main consumer reporting companies - Equifax, Experian, and TransUnion - periodically.

Thanks to the under the Fair and Accurate Credit Transactions Act (FACTA), borrowers are able to receive one free credit report a year which can be requested by telephone, mail, or through the government-authorized website, annualcreditreport.com

if you don't know your credit score or haven't checked in a while, it might be a very good idea to request a free credit report. This will allow you to have a better idea of what type of loan, and which terms, might be available to you, but it will also give you a chance to address and reslove any errors on your report which may be unfairly bringing down your score.