Free Government Online Credit Score Not Part of Annual Credit Report – Experian, Transunion and Equifax Scores Cost Customers
Posted on | September 26, 2011 | Comments Off
Interest rates for home loans, car loans, personal loans and credit cards remain very close to all-time lows which likely means that many Americans will look to refinance and save money. Before doing so it may be advisable to check a credit score and make certain that it is above the 740 level.
Many hard-working Americans continue to look for a free government online credit score but it is important to recognize that this is not part of the free annual credit report online. Adult Americans can receive one free credit history analysis from the bureaus of Experian, Equifax and Transunion this does not include a free credit score.
To obtain a credit score usually cost between $15 and $40 depending on all of the services desired by the specific customer. If a customer wants all three credit reports to go along with credit protection it may cost and high end of this range or possibly even more.
As we get closer to the fall and winter of 2011 more and more Americans will likely submit refinance applications as they hope to save money going into the Christmas holiday shopping season. Unfortunately, some Americans continue to make very poor financial decisions which could make it difficult to lock into the lowest possible rates.
Generally speaking, Americans will need a credit score above 740 and a debt to income ratio below 40% to have any opportunity to lock in to the lowest mortgage interest rates in September of 2011. This is why it is imperative to make certain that all high interest rate debts are paid down to the best of one’s ability.
Author: Jeremy North
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