Free Annual Credit Report – Online Government Analysis Help from Experian, Equifax and Transunion in June 2011
Posted on | June 27, 2011 | Comments Off
Each and every week we hear that interest rates are very close to all-time lows as some American homeowners have refinanced to a rate as low as 4.25%. Before assuming that low interest rates are available to everyone it may be a wise choice to take advantage of the free annual credit report online to better determine if a credit history will qualify for low rates.
The general rule of thumb is that homeowners should have a credit score above 740, a significant amount of home equity, and a low debt to income ratio to have any opportunity to refinance to a level below 4.5%. When looking to negotiate lower interest rates on credit cards for home equity is not as important but the debt to income ratio is extremely important.
By taking advantage of the free annual credit report online that is supported by the FTC and federal government Americans will better understand how creditors look at their specific financial situation. This free annual credit report includes analysis from the bureaus of Experian, Equifax and Transunion.
It is very important to note that this free annual credit report is only available at one website – annualcreditreport.com. Any other website that claims to have government approval will be severely punished by the FTC as they are working very hard to make sure that customers access this one specific website.
If there are any mistakes or errors on the financial history report it could negatively affect a credit score by as much as 100 points. Rather than allowing this to happen it is always advisable to check credit report every 365 days to make sure all the data is 100% accurate. If there are mistakes or errors they need to be addressed as soon as possible.
Author: Jeremy North
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