Free Annual Credit Report – Instant Transunion, Equifax and Experian Credit History from the FTC Available Online
Posted on | April 27, 2011 | Comments Off
With interest rates very close to all-time lows many Americans are looking to save money by negotiating lower rates on a credit card or refinancing a home loan in April of 2011. Before doing so it may be advisable to take advantage of the free annual credit report is available online at the website annualcreditreport.com.
It is very important to note that the previously mentioned website is the only website with government and FTC approval when it comes to an instant Transunion, Equifax and Experian credit history report. Any other website claiming to have government approval will receive punishment in the near future from the FTC.
When looking to lock in the lowest interest rate on a home loan, car loan, personal loan or credit card it is very important to remember that a credit history report that is free of errors is necessary. By having mistakes or inaccuracies on a credit report many Americans could find that their credit scores negatively affected by as much as 100 points.
With this in mind it is always a wise choice to check your credit history report each 365 days. By not checking this free credit report Americans could miss out on an opportunity to save hundreds and possibly even thousands of dollars on lower monthly payments from credit cards or on personal or home loans. With the low interest-rate environment many strong borrowers of money have found ways to save.
The general rule of thumb is that Americans must have a credit score above 740 and a very low debt to income ratio below 40% have any opportunity to lock in the lowest rates on any amount of money borrowed. By having many errors or mistakes on a credit history report it can be nearly impossible to lock in these low rates due to the fact that lenders deem borrowers risky.
Author: Jeremy North
Tags: free annual credit report > free credit report online > free equifax credit report > free experian credit report > free transunion credit report > instant free credit report