This is the official website for obtaining your free credit reports from all three reporting companies. If you go anywhere else, they will probably try to sell you some kind of credit-monitoring credit history report Chattanooga or identity-theft protection service. If you only want to check your credit reports, you should do it through the website mentioned above. When I checked my reports, I was happy to find that there credit history report Chattanooga were no negative items on any of them. This means that no one has ever reported me for late payments, unpaid debt obligations, etc. It shows mortgage lenders that I have a history of credit history report Chattanooga paying back my debt obligations. Obviously, this is something the lender wants to know. And even if they don't review the individual line items in my credit reports, this positive trend will show up in my credit score. In fact, your payment history affects your FICO credit score more than any other single factor. For example, my Equifax report said credit history report Chattanooga my payment history was very good.
Some of my other categories were labeled as credit history report Chattanooga above average.
But when I checked credit history report Chattanooga my Equifax credit score, I found that it was in the excellent category. federal free credit report
It was close to 800, which is an excellent credit score by any measurement. I just want you to know how important your payment history is when it comes to your FICO score. I was rated as above average in other categories, but my payment history got a higher rating of very good. This lifted me up to the excellent credit-score range. This is a big deal when applying for a mortgage loan. Having good credit will increase your chances of getting credit history report Chattanooga approved for the mortgage, and it will also help you secure a lower interest credit history report Chattanooga rate.
So not only do you get the loan, but you also save money by paying less interest on it. She checked all three of her reports as well, and she came across a negative item that appeared on all of them. We were surprised by this, because we are pretty anal about paying our bills on time. free credit reprt We examined the report and found out that Capital One had reported her as being late on some credit card payments. She started off with a slew of colorful phrases that I cannot repeat here. When she was done with that, she reminded credit history report Chattanooga me of a problem she had with Capital One in the past.
Long story short, she had called to close an account, and they tried to stick her with some interest charges after she'd closed the account. She did the diligent thing by getting her current balance so she could close the account properly. But then a couple of weeks later, she logged into her account to credit history report Chattanooga make sure it was closed and found credit history report Chattanooga that there were various interest charges and penalty charges. This is a game credit card companies used to play when their customers would try to close an account. I think the Credit CARD Act has since made this type of thing illegal, but don't quote me credit history report Chattanooga on that. As a result of this one negative item, my wife's credit scores were lower than mine. Late payments and missed payments can really hurt your scores. Granted, this was the only negative entry on a long credit history, so it didn't cause a lot of damage. secure free credit report But it still bumped her from the very good category down to the above average category. And that kind of thing can result in credit history report Chattanooga a lower interest rate on the mortgage loan. So she disputed the error as soon as she found it, to try and have it purged from her reports. The details of our credit histories credit history report Chattanooga are not the focus of this article. The point I'm trying to make is that you need to check your credit reports at least a month credit history report Chattanooga before applying for mortgage loan. If you find erroneous items on your reports like we did, you can dispute it through the reporting company that produced a report.
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