Three In One Credit Report
If you want to get a loan of some sort: auto, home or whatever, you need to know your credit score before you try to get the loan, not after. The last thing you want to do is find that you have more credit issues, or a worse score, than you thought you had. Since the 3 in 1 credit report is free, what are you waiting for?
Yes, you heard me right – the 3 in 1 credit report is free to get. By law, each consumer is allowed one credit report a year from each of the credit bureaus. This is a great opportunity to do a little credit “check up” every year.
You will want to carefully look the report over so you can spot any potential problems. If you see any transactions that weren’t made by you it is either a mistake or possibly identity theft.
Since few of us have the financial resources to buy big ticket items such as cars and homes with cash, we will need to be able to get loans. Getting loans is now harder than it once was due to the recent meltdown.
A little lower score in the past wouldn’t have necessarily ruled you out from being approved, you most likely would have been approved but you would have had a higher rate.
Today, though, even small dings on a credit report will be enough for the bank to say no. So, the best thing you can do is to make sure you know what your credit score is at all times and become an active participant in doing everything possible to improve that score.
Do that long before you head off to the bank for a loan. It does take longer, in most cases, to improve your score than it does to ruin it.
It is also extremely important for you to understand that the scores from all three bureaus can, and very often will, be different.
It’s also important for you to realize that there can be mistakes on one or more of your credit reports. You sure don’t want to be turned down for a loan due to a mistake on your credit report do you?
Actually, that is the whole reason for allowing consumers the opportunity to check their reports annually, so they can uncover potential mistakes before they become a problem.
With such an increase in identity theft it is more important than ever that we keep on top of our credit reports. If you notice something wrong it may not be identity theft but it is certainly something that needs to be fixed as soon as possible.
It’s your responsibility to keep up with your finances and that includes knowing what is in your report and contacting the necessary agencies if you discover a problem.
The government is not responsible for making sure your credit report is accurate, you are. But, the government has made it a lot easier for you to check it out by making a 3 in 1 credit report free to get.
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