Free Annual Credit Report Online – Experian, Equifax and Transunion Report but No Government Credit Score
Posted on | May 27, 2011 | Comments Off
With millions of Americans looking for an opportunity to save money with the low interest rate environment it is no surprise that many of these people are also looking to better understand their financial history report. In May of 2011 the Federal government and FTC support one free credit report each year to all adult Americans.
With interest rates near all time lows a large number of American homeowners have been able to refinance below 5% but it is important to realize that only the best borrowers of money are able to lock in to low rates. Most mortgage lenders require a credit score that is well above 740 and a debt to income ratio that is under 40% to take advantage of the lowest interest rates possible.
Luckily, the government offers a free annual credit report at the website annualcreditreport.com that should allow homeowners to better understand if they have any areas of concern when it comes to their credit. Unfortunately, some Americans could have mistakes or errors on their credit report that could cause major problems when it comes to building a great credit score.
At the present time there is no such thing as a free government credit score but a free annual credit report could help many people. By accessing this free annual credit report with analysis from the bureaus of Experian, Equifax and Transunion, most customers will be able to find any areas of concern.
As we get closer to the summer of 2011 there is a good chance that we could see interest rates start to move higher due to an improved economy. Rather than allowing the low interest rate environment to pass it is always smart to take advantage of these rates now as it could help some save hundreds and even thousands.
Author: Tiffany Mann
Tags: free annual credit report > free credit report online > free equifax credit report > free experian credit report > free transunion credit report > online free credit report