Freee Credit Report

2007-05-15 06:10:46

( Financial )



A WAY TO DETERMINE YOUR FINANCIAL INTEGRITY

For lending companies, it is important to know if their borrowers are able to repay back the money they want to borrow. If the borrower’s financial capacity does not meet the minimum requirements of the company, chances are, the application will not be granted.

For this reason, lending companies and credit bureaus worked hand in hand to trace the credit history of consumers to determine if they are still qualified to borrow in the future.

They keep track of all the information of a person such as loan applications, credit status, current address and phone number.

All of the information will be used whenever a person applies for a credit. The credit history of an applicant directly affects the annual percentage rate.

WAYS TO DETERMINE CREDIT RATING

To determine your credit rating, they will evaluate your payment record. If you constantly fail to pay your bills on time, your credit rating will surely be low.

Properties such as homes and stable jobs can significantly increase your credit rating. A respectable job will dramatically increase your credit rating.

If you want, they can refresh your credit rating. There are several guidelines followed to determine if a person’s credit rating can be rewritten.

3 IN 1 CREDIT REPORT

If you are planning to apply for a credit card or you want to borrow money to finance your expenditures, you must first get a freee credit report. It is called 3 in 1 credit report because there are 3 national credit bureaus in US keeping track of peoples’ credit rating.

You can get your own freee credit report through the web. Simply fill out an online form to get your own credit report. Some web sites will email you the results while some will show you your freee credit report right away.


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