Check your Free Credit Report and Be Wary of your Score
Have a credit check and determine your personal credit score.
Credit check is usually done to verify whether you are eligible for a loan or on any other forms of credit based on your past credit performances. This will reveal your past as well as your previous credit transactions with different lenders and how you deal with it. Thus, a credit check is the reflection of your past credit performance. It works like a report card, which reveals whether you have "passed" or "failed" in a particular subject.
Credit checks are done by lending institutions such as credit card companies and banks on individuals who wish to apply for a loan or any form of credit. In addition, credit checks could also be done by a homeowner whether an individual would be a good tenant or not, as reflected by his or her past credit performance. Insurance firms also run credit checks on individuals who wish to avail of their insurance policies.
You can obtain your credit report containing credit-related information from any of the three major credit-reporting agencies. Furthermore, you can obtain your personal credit reports for free as stated in the FCRA or the Fair Credit Reporting Act. Under this Act, every individual is entitled to receive a free credit report from any of the three major credit-reporting companies in the United States once a year - Experian, Equifax, and Trans Union. Your free credit report contain your personal information (such as your name and address), how you paid your past and previous bills, and any delinquencies you have committed such as late payments as well as if you have filed for bankruptcy.
To obtain your free credit report, you need to fill up the required form through a centralized credit report website on any of the three major credit bureaus in the United States. You will be required to provide some basic information, which includes your name, permanent address, your social security number, and your birth date. Your credit report is important in securing yourself against any attempts of identity theft such as credit cards misuse and other forms of fraud. In addition, you must update your credit report regularly as lending institutions would be using such reports to determine if you are worthy enough to be awarded with the loan you have applied for.
After you received your free credit report, you should read each section carefully. All aspects must be included in computing your credit score. So make sure you have paid attention to all of them. Check your report for any discrepancies and make sure that you have not missed any payments at all. Your credit report also comes with the list of individuals or business entities that you have requested credit information from. You may also check to see if such names or entities are familiar with you.
Your free credit report would be used in running a credit check to you when applying for a loan or any other forms of credit. Thus, make sure that it is free of discrepancies or erroneous entries. Keep in mind that this report will reflect your credit performance - ensure that you do not stumble anywhere so that your loan application would always be a success.
Comments
Menu
My Articles
Credit Score: What Is It And How To Get Yours For FreeNational Average Credit Score: The Range Towards A Successful Credit Application
Getting The Bait On Good Home Loan Terms Despite Bad Credit Score
Important Information On Credit Scoring And Its Effects To You
Bad Credit Score: Effective Ways To Repair It
Head-knock To Individuals With Low Or No Credit Scores: The Importance Of Average Credit Score In US
Credit Score Rating Scale: How It Is Done And What It Does To You
Credit Scores: What's It About And What Makes A Good Credit Score?
Improving Your Credit Score Is Just Three Steps Away
You And Your Credit Score: What's The Good Number?
Envision A Better Life By Increasing Your Credit Score
Tips To Check And Improve Your Credit Score
Equifax Personal And Business Solutions: Your Credit Score Report Is In Good Hands
Honesty, Experience, And Relationship—That Is What Trans Union Is In Credit Score Management And Inf
How Can Credit Score System Works For Your Financial Needs? A Vital Report That You Must Be Aware Of
How To Improve Your Credit Score The Easy Way
Need Information About Credit Scores? Try Going ONLINE!
High FICO Score On Credit Report Obtains Positive Responses
Free Your Mind And Check Your Credit Scores Online
Improving Your Credit Score: Ways To Do It Quickly
Credit Score: Ways On How You Can Boost It
Credit Score: Getting Your Bad Credit Rating Repaired
Check Your Free Credit Report And Be Wary Of Your Score
Free Credit Report: Know About Your Credit Score For Free
My Articles Bad Credit Score: Effective Ways To Repair It Having a good credit score rating means everything in today's.. Check Your Free Credit Report And Be Wary Of Your Score Want to know your financial creditworthiness? Have a credit check.. Credit Score Rating Scale: How It Is Done And What It Does To You Your credit history is a very important document that creditors,.. You And Your Credit Score: What's The Good Number? Have you ever wondered why people get denied for loans and why other.. |
 |
 |
 |
 |
|
Related News:
|