One of the most important things that you can do to take control of your financial situation is to check your credit report regularly. Your credit report has the ability to affect many different areas of your life in addition to affecting your ability to secure a loan, including your ability to rent an apartment or your ability to secure an employment position.Get your free credit report today.
Despite lenders' willingness to loan money, a good credit record from three mayor credit bureaus, experian, equifax and transunion is as important as ever . Almost all lenders have come to rely heavily on computerized profiling to determine what credit they're willing to extend to a potential borrower. Information comes from hundreds of other factors, your payment history, card balances, auto loans, retail accounts etc. The end result is a numerical score that guides lenders in the terms they offer for a variety of financial products.
High scorers over 700 get the lowest interest rates and higher credit lines. Those with low or failing "grades" will get very little and pay plenty. For them the rate on a mortgage will be as much as 6% points higher than the prevailing rate most credit-worthy customers get. A high credit score not only gives you better terms today but may be important in the future should interest rates rise and credit standards tighten.START FIXING YOUR CREDIT NOW!
There are three large national credit bureaus that supply most credit reports, and each of them may have a report on file for you. The three national bureaus are:
Using a unique “self-directed” (NOT “do-it-yourself”) approach, Credit Repair Magic has all the benefits of a professional service (no letters to write, automatic computerized follow-up, organized system), but achieves results in weeks, not months, dont costs hundreds, or even thousands of dollars. You don’t have to read a book or even know the first thing about credit restoration. Credit Repair Magic is guaranteed to produce better results than any other program, system, or service, and in less time, or you will get 100% of your money back!
