Free Government Credit Score from Experian, Equifax and Transunion Not Supported By the FTC in June 2011
Posted on | June 20, 2011 | Comments Off
As interest rates get very close to all-time lows many Americans are looking to take advantage of the low interest-rate environment by negotiating lower rates on credit cards or personal loans for refinancing home loan. Many of these individuals will take advantage of the free annual credit report that is available to website annualcreditreport.com.
It is very important to recognize that the free annual credit report includes a credit history analysis from the bureaus of Experian, Equifax and Transunion but there is no such thing as a free government credit score. To obtain a credit score it usually costs between $15 and $40 depending on the service.
Even though there is no such thing as a free government credit score it may be advisable to take advantage of the free annual credit report. This credit report will allow customers to much better understand any areas of concerns when it comes to paying down high interest rate debt. It may be the case that some American households have lines of credit they did not know were outstanding.
By addressing this issue it could be the case that credit scores increased as much as 100 points. This is very influential when it comes to locking in the lowest interest rates on home loan, car loan, personal loan or credit card. Some individuals could end up saving hundreds of dollars a month by increasing their credit score.
Luckily, there are many free resources available online that should help individuals much better understand what options are available when it comes to purchasing a credit score. By going to the FTC website most Americans will find all the information needed to choose a reputable website that will offer an accurate credit score.
Author: Tiffany Mann
Tags: free credit score online > free equifax credit score > free experian credit score > free government credit score > free online credit score > free transunion credit score