Free Annual Credit Report Online – Experian, Equifax and Transunion Reports But No Free Government Credit Score in June
Posted on | June 17, 2011 | Comments Off
With interest rates creeping down towards all-time lows many Americans are looking to take advantage by refinancing home loan or negotiating a lower interest rate on a personal loan or credit card. Before doing so it may be advisable to take advantage of the free annual credit report online that is supported by both the federal government and FTC.
Taking advantage of low interest rates has helped many Americans save quite a bit of extra cash over the last several years. After the credit crisis the federal reserve bank is taking every necessary step to keep interest rates low which in turn has allowed Americans to refinance a home loan under 5% and receive very low interest rates on credit cards.
Before making the assumption that all Americans can lock into the lowest interest rate it is important to remember that it takes an amazing financial history to receive the lowest interest rate offers. Customers who have a credit score that is about 740 will find that it is much easier to receive low rates on any amount of money borrowed.
While the government offers a free annual credit report from the bureaus of Experian, Equifax and Transunion it is important to recognize that there’s no such thing as a free government credit score. To obtain a credit score it will likely cost between $15 and $40 but it is sometimes worth it to spend the extra cash to put a numerical value on a financial history.
The free annual credit report is only available in one website – annualcreditreport.com. This free credit report can help Americans better understand how creditors look at their specific financial situation. It will also help them address any areas of concerns including mistakes or errors. By addressing mistakes or errors that could be a case of some customers improve their credit score by as much as 100 points.
Author: Tiffany Mann
Tags: equifax free credit report > experian free credit report > free annual credit report > free credit report online > online free credit report > transunion free credit report