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Articles  >>  Why Do I Want A Copy Of My Credit Report?

Why do I want a copy of my credit report?

It’s important to always be up-to-date with your credit information, especially when getting ready to purchase a home. Your lender will use the information on the report to determine if, and how much they are willing to loan you money for.  Obtaining a copy of your credit report will help you get the best loan possible by:

·         Allowing you to fix any errors or make improvements. Many times, people aren’t sure what is on the credit report. There might be minor improvements you could make to get you a better interest rate. There may also be errors that should have been fixed some time ago. Having a copy available beforehand will give you the necessary time to fix any errors or make any improvements.


·         Knowing you credit score and report will also keep you aware of identity theft. Identity theft is becoming more common in our society. Many people are using your others personal information to open credit accounts only to leave them delinquent and left on your credit report. Knowing what’s on your credit report will allow you to spot any issues of identity theft and make the necessary corrections to fix them.


·         It will give you an idea of what you can afford and how much it might cost you to repay the loan. The better credit score you have, the better interest rate you will get. The interest rate will determine how much you will be able to borrow and how much you might need to have down.

You can receive a free copy of your credit report from any nationwide consumer reporting company, Experian, Equifax, and Transunion . The Fair Credit Reporting Act (FCRA) mandates these companies to offer a free report once every year, at your own request.

Click on the lick below for additional information about your FREE CREDIT REPORT





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