Are you and your spouse thinking of buying a house? Do you know what your credit scores are? Furthermore, do you know you’re entitled to get your free credit scores on the internet through each of the three reporting bureaus; Equifax, TransUnion and Experian? The meaning of credit scores can be convoluted to many Americans, but the first thing you need to look at, before looking at houses, is your number. If your score is over 700, then you’ll qualify for the best mortgage interest rates. If your rate is less than 600, then forget about qualifying for a loan at all, given the new lending standards! Knowing your credit info before you start looking is critical to avoiding the embarrassment and disappointment of finding your dream home, but being unable to gain financing.
August 31, 2008
Credit Info: How Your Score Affects Your Mortgage
Author: Credit help
August 8, 2008
Free Credit Reports Yearly
Author: Credit help
David Faulkner
Did you inquire about your free credit reports lately? If not, the time is right to go to Annual Credit Report and answer a few personal questions that only you can answer and receive your report within hours. The free instance credit reports show your entire credit history dating as far back to when you had your first loan or credit card.
Because your credit report is ever changing, you can request a copy annually for inspection of the confidential records. You will find out who as been paid off, reported slow payment and how much credit you currently have used and any new applications filed. This helps the consumer keep track of credit history while having peace of mind that you are the only one using your identity.
August 6, 2008
Watch Out For Credit Reporting Sites That Offer Free Credit Reports
Author: Credit help
Shayne McMillan
Under the FCRA, you can get your free copies of your credit reports from each of the 3 major credit bureaus once every 12 months, if you ask.
You may choose to get your credit reports all at the same time, or get each of them at different times, if you want to. If you want to improve your credit scores significantly, you must take advantage of this law to the fullest because what are written on your credit reports are all factors that make your credit scores rise or fall. If there are negative and accurate information on your credit reports, you should take note of
them and do the steps to amend them. If you have negative but inaccurate information, on the other hand, you should dispute them so they will not affect you anymore.