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3 in 1 Credit Reports | Free Credit Reports Online
Obtain Free Credit Report
With the economy teetering on the verge of a recession and people?s budgets and lifestyles being altered, having a high credit score isn?t quite as easy anymore. With the mortgage crisis still lingering and some financial institutions stepping up their requirements for borrowing money, it is becoming harder and harder to get ahead in this country. Little do people know or realize, your credit score is affected by so many factors and can change in no time at all.
At this moment, it’s a buyer’s market for homes. For sellers, things don’t look so bright – but buyers have the ability to negotiate some great deals right now. Many start house shopping without even knowing their credit score. This is a mistake, since it can lead to your being denied a home loan; and you may not even know why you were turned down. While if you’re not in the market for a home right now, you may not think you really need to know your credit score. However, you can gain a lot by knowing your credit rating and if you are house hunting, you should first find out how to obtain free credit reports .
An amendment to the Fair Credit Reporting Act mandates that consumers can get a free credit report annually from all three of the credit reporting agencies – TransUnion, Experian and Equifax. The FTC warns consumers that there are plenty of scams to watch out for who prey on people seeking to obtain free credit reports. Most of these “opportunities” are in fact scams and can result in you giving your personal information to unscrupulous operators or paying a fee for something which you ca get for free by law.