Acquiring credit and making purchases
If you’ve been acquiring credit and making purchases for quite some time, reading and investigating all three reports at the same time can take a lot of time. Reviewing all three can also be overwhelming. Another reason to Credit Repair Blueprint view these reports separately is to tackle identity theft. It’s a better strategy to request one report from each agency every three or four months so you’re better informed. You’d also have more time to attack potential problems, spot errors and resolve them quickly.
Go to different sites and enter some personal information in order to be allowed through the process. You will be asked to verify certain credit information from your background so make sure you have all your major account numbers handy in case you need to reference them and verify your identity. Once you are allowed in, you may click on the preferred agency, verify a bit more personal information, and view the credit report. After you are finished reviewing your credit data, you can go back to the original site if you choose in order to go on to another credit agency’s site.
There is no charge to navigate the site and you are entitled to a free copy of your credit report once a year. There is no reason to pay anyone for your credit data when you are able to get it for free.
After viewing your credit reports, carefully look it over for mistakes. You want to especially catch errors regarding your contact information and payment history. You also want to look for warning signs that your identity has been compromised.
Don’t forget your credit scores
Credit reports do not list FICO scores. This is because the law Congress passed by doesn’t mandate that credit report list scores as well. So if you want your score, you will have to pay for it.
Fair Isaac and Company (FICO) takes information from your credit reports and developed a scoring system. Requesting your scores directly from FICO will cost you about $15. Since each credit bureau puts forth a slightly different report on your financial background and scores are based on the individual reports, it’s possible to have three different scores. If you paid for each report, that would cost you at least $45.
Instead of paying such a fee, why not simply include your score with the requested credit report? Yes, it costs, but only about $7. Another way to get your report for free is to ask a loan officer. While sitting in a lending institution is too late to improve upon it, it’s still good to know for future reference.
If you have an average score and positive credit report, you will get the best interest rates and loans. This is why it’s important to know your credit scores and keep track of your credit reports. Your financial future could depend on it.
Catherine Durkin Robinson is a contributing writer for BillSavings.com, your information resource and community for money-saving tips and offers so you can shop, compare, and save money on just about everything.