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How & why to check your credit report... |
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How & why to check your credit report... |
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for a free credit report from my recommended local mortgage lenders - click here |
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Why Check Your Credit Report? Studies have shown that many credit files contain inaccuracies, which could influence the approval process when you apply for loans, insurance, or even a job. Often the result of simple human error, they can be caused by anything from a clerical error to a computer glitch in which your file is mixed with that of someone with a similar name. And that's not the only reason to check your report. In the past few years, identity fraud has risen dramatically. In this form of credit fraud, a thief takes over or opens accounts in your name, running up large balances in goods or cash advances. If you don't check your credit report, it could be months before you even hear about such a situation. Fortunately, new accounts opened by a thief using your identity will appear on your credit report, alerting you to the fact that identity fraud has taken place. That's why it's essential that you check your credit
file--and monitor your credit regularly--with resources such as the How to get your credit report either for free - or by fee. If you click these links, you can take advantage of the best source I've found on the net for getting a free credit report or simply paying for only what you need. Follow this link for a FREE 30-day trial on their Credit Check & Monitoring Service, along with a FREE Credit Report delivered online, at no obligation! ( If you cancel the service within 30 days there is no charge and you received your credit report for free ). However, this is a pretty good service and a very good idea to go ahead and maintain at an extremely reasonable cost. If your not "game" for these trial membership
deals, you can just flat out purchase your Equifax credit report from them (a single copy) for only $8.50. If
your going to be applying for a home mortgage loan soon I feel it's a better idea to order
a 3 Bureau merged file instead. Costs a little more but it's wise to check
all three files now to eliminate any chance of a lenders "turn down" after your
well into the mortgage process and committed by then to that lender. (many lenders only
pull one file when you first apply and don't request the full 3 merged file till much later in your loan process when they already
have $400 of your money in hand!) |
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