Get free credit Lexington

From this point forward, many of your financial activities will be added to your credit history.

These histories are referred to as credit reports, and you actually have three of them.

There are three credit-reporting companies that get free credit Lexington operate in the United States. These are entirely separate companies, and they maintain unique data.

So your credit reports might vary slightly from one company to the next. There are different types of scores, but the one you should be most concerned about is your FICO credit score. When you apply for a mortgage loan, the lender will use this score to determine the level of risk you bring the table. They will consider other aspects of your financial background as well. But the FICO credit score is at the top of the list. It can make or break your chances of getting approved for get free credit Lexington the loan. It also influences the interest rate you get from the lender. This is why it's so important to check your credit reports before applying for a mortgage loan. credit score reports If you missed the connection between these two things, here it is again... Credit reports contain information about your repayment of debts. This information is used to produce a FICO score that ranges between 300 get free credit Lexington and 850.

You have three scores get free credit Lexington -- one for each of the reporting companies mentioned above. Mortgage lenders will use these scores when considering you for a loan. A low score can hurt your chances of getting approved for the loan, and it may cause the lender to assign a get free credit Lexington higher interest rate as well.

With that introduction out of the way, let me get back to get free credit Lexington the personal story I promised to share. commercial credit report This story illustrates why it's so important to check your credit reports before buying a home. My wife and I have been through the home-buying process several times in the past, so we are very familiar with it. We realize the importance of keeping a clean credit history.

So we checked our credit reports and scores before getting pre-approved for a mortgage loan. Sometimes you can have negative items on your credit report that you never even knew existed.

We checked all three of our reports through AnnualCreditReport.com, which is the website I recommend using. I recommend this website because it is the only one that is regulated by the federal government.

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 or identity-theft protection service. If you only want to check your credit reports, you should do it through get free credit Lexington the website mentioned above. 3 credit report free

When I checked my reports, I was happy to find that there were no negative items on any of them. This means that no one has ever reported me for late payments, unpaid debt get free credit Lexington obligations, etc. It shows mortgage lenders that I have a history of 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.