Free Annual Credit Report Online – Government Free Credit History Analysis from Experian, Equifax and Transunion
Posted on | March 24, 2011 | Comments Off
With many Americans looking to save as much money as possibleDuring the current low interest rate environment that comes as no surprise to see many individuals looking to refinance a home owner personal loan or take out a credit card with an extremely low interest rate. Before doing so it may be advisable to take advantage of the free annual credit report online that should help Americans better understand their personal situation.
The free annual credit report is supported by the federal government and FTC and offers a free credit history analysis from the bureaus of Experian, Equifax and Transunion. It is very important to note that this free credit report is only available in one website – annualcreditreport.com. Any other website claiming to have this government approval is going to be punished in the near future by the FTC.
When looking to receive low interest rates on home loans, car loans, personal loans or credit cards it is often the case that Americans must have a credit score that is above 740. Unfortunately, the free annual credit report online does not include a free credit score the one can be purchased for an amount between $20 and $40.
Sometimes it is worth it to spend this extra cash to put a numerical value on a financial history which will also give many Americans a starting place when looking to recover a poor credit score. With a credit score that is well below 600 it is nearly impossible to receive low interest rates on any type of loan due to the fact that bad financial decisions have been made in the past.
As we get deeper and deeper into 2011 there’s a good chance that we could see the low interest rate environment evaporate. With the overall economy improving and the unemployment rate dropping there is a very good chance that interest rates will start to rise due to the fact that Americans no longer need the opportunity to borrow money at cheap rates.
Author: Mike Garner
Tags: free annual credit report > free equifax credit report > free experian credit report > free ftc credit report > free government credit report > free online credit report