Free Annual Credit Report Provided by the Federal Government and FTC – Credit History Can Greatly Affect Interest Rates
Posted on | April 30, 2010 | Comments Off
Every American is entitled to a free annual credit report provided by the federal government and FTC. It is very important to use this free resource as your credit history can greatly affect the interest rates on any amount of money that you borrow. If you have inaccuracies on your credit report you could end up seeing your credit score adjust 100 points lower which in turn will greatly cause your interest rates to increase.
It is very important to understand that the federal government and FTC only sponsor one website when it comes to a free annual credit report. Make sure to use annualcreditreport.com to get your free report as this is the one website that is sponsored by the government. It is important to note that you will be charged a fee if you seek more than one credit report a year.
It would be a wise decision to check your credit report at least once a year to make sure all of the data is completely accurate. If your data is not accurate you will need to contact that line of credit and get this fixed as soon as possible as it could greatly affect your credit score.
Author: Jeremy North