Getting Free Credit Report

Karina Popa

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• Publié par: PatrickMSumner
• Publié le: 07 mai 2015
• Nombre de lectures: 0
• Langue: English

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Getting Free Credit Report

What exactly is a credit report and how can you get one free?

Credit reports normally include information about the background of an individual and their credit history. They are used in order to determine if a person can be allowed to take credit or not. The bottom line is,if you don’t pay your mortgage in time, file for bankruptcy or you don’t receive a credit card, you will have problems with your credit reports.

The most important companies which bring together credit information are Trans Union, Experian and Equifax. They are in charge of collecting your checking accounts, addresses, mortgage and credit card payment history. Another thing that they do is list your mortgage balances and credit cards. The good things also sum up well. If you pay your bills in time,this will also influence your credit reports. Just as fast as if you don’t pay your mortgage on time or have judgments from lawsuits. Everything will be registered on the credit report, so pay extra attention to these details.

You receive a score according to your credit history. This score can determine the way in which your credit evolves. It tells the lender or the bank what risks they go through if they offer credit to a person. For instance, if you have a credit history which demonstrates a good bill payment history and low debt you have the chance to get a great score when applying for a loan with a good interest rate. This way you can purchase that new furniture you’ve always wanted. On the other hand, apoor score will deny your credit application or offer you a higher interest for the same loan.

The lender who wants to receive a credit report must receive authorization from the consumer. If you are rejected from receiving a credit card or loan and youdon’t know why, try ordering your personal credit report. The companies mentioned previously have been in this business for a while now,but it doesn’t mean that theirmethods cannot fail. There are high chances to find inaccuracies or mistakes in your reports.

If this happens, you must notify the companies and offer them the correct information. For instance, if you have a judgment against you generated by a car accident and you paid that judgment then you haveto give the companies a document of “Release and satisfaction of judgment”in order to delete this judgment from the credit file.

If you found this article interesting so far, as a bonus, here’s a link to free credit report:

http://bit.ly/1GOYDMf