Archive for November, 2009
Free Credit Report; is it Necessary During Today’s Times?
Mike Clover asked:
Credit Worthiness
Free Credit Reports are plastered all over the place, internet, TV, radio, and mail. The need to know is so important these days because everyone wants to know your credit. The current credit crunch that is taking place is making it tough to get loans, jobs, credit cards, and / or new place to rent. We all know things come up and cause credit issues, but if your credit shows a pattern of credit problems creditors want to know your risk. The foreclosure boom that is taking place now has almost put some of the biggest banks out of business. Fair Isaacs’s new software Next Gen is so precise in determining your risk, it will be the standard for calculating your score. With this new software it will soon be adopted with Freddie and Fannie in the underwriting decision process. Call me silly, but it looks like having your free credit report during today’s times is a must.
Identity Theft
The digital age has also has made your information accessible, and if there is some kind of security breach you would never know unless you signed up for credit monitoring services. The 3 credit bureaus now offer credit report monitoring services. Since this is a huge problem, this is another reason to have a copy of your free credit report to see if there is anything on there that may not be yours. Identity theft is such a huge problem that you cannot take any risks. According to statistics, once you have been robbed of your good name, you will be out of pocket somewhere in the range of $8,000. Identity Theft does not care who you are, they will steal you blind and destroy your credit.
Save Money
Having a copy of your Free Credit Report will save you money on credit cards, bank installments, mortgage rates, and just about any loan you apply for. In past articles we have discussed how you would end up paying thousands of dollars more because either you were not educated about your report, or you just had bad credit period. The result was creditors charged high interest rates on borrowed money. Just imagine if you could save an extra $200.00 dollars a month because you knew your credit scores and what was being reported about you. $200.00 dollars a month over 15 yrs is $36,000 dollars saved not including interest earned. If you start to really get down to the nuts and bolts of your personal creditworthiness and how it can affect your life I would say it’s pretty darn important. I would not wait any longer, get your report today and be an educated and protected consumer.
Joshua
Credit Worthiness
Free Credit Reports are plastered all over the place, internet, TV, radio, and mail. The need to know is so important these days because everyone wants to know your credit. The current credit crunch that is taking place is making it tough to get loans, jobs, credit cards, and / or new place to rent. We all know things come up and cause credit issues, but if your credit shows a pattern of credit problems creditors want to know your risk. The foreclosure boom that is taking place now has almost put some of the biggest banks out of business. Fair Isaacs’s new software Next Gen is so precise in determining your risk, it will be the standard for calculating your score. With this new software it will soon be adopted with Freddie and Fannie in the underwriting decision process. Call me silly, but it looks like having your free credit report during today’s times is a must.
Identity Theft
The digital age has also has made your information accessible, and if there is some kind of security breach you would never know unless you signed up for credit monitoring services. The 3 credit bureaus now offer credit report monitoring services. Since this is a huge problem, this is another reason to have a copy of your free credit report to see if there is anything on there that may not be yours. Identity theft is such a huge problem that you cannot take any risks. According to statistics, once you have been robbed of your good name, you will be out of pocket somewhere in the range of $8,000. Identity Theft does not care who you are, they will steal you blind and destroy your credit.
Save Money
Having a copy of your Free Credit Report will save you money on credit cards, bank installments, mortgage rates, and just about any loan you apply for. In past articles we have discussed how you would end up paying thousands of dollars more because either you were not educated about your report, or you just had bad credit period. The result was creditors charged high interest rates on borrowed money. Just imagine if you could save an extra $200.00 dollars a month because you knew your credit scores and what was being reported about you. $200.00 dollars a month over 15 yrs is $36,000 dollars saved not including interest earned. If you start to really get down to the nuts and bolts of your personal creditworthiness and how it can affect your life I would say it’s pretty darn important. I would not wait any longer, get your report today and be an educated and protected consumer.
Joshua
How do I acquire my free credit report I am entitled to?
Posted by admin in Other - Social Science on November 16, 2009
marcie asked:
I just tried by logging on to the free credit report link. I filled everything out but then they asked for my credit card number. The problem is I do not have any credit cards. How can I still get my free credit report?
Darryl
I just tried by logging on to the free credit report link. I filled everything out but then they asked for my credit card number. The problem is I do not have any credit cards. How can I still get my free credit report?
Darryl
What is the best “free credit report” website?
Posted by admin in Other - Family & Relationships on November 12, 2009
kathe asked:
what is the legit place to get access to your once a year, free credit report? I don’t trust half of what I read….
what is the legit place to get access to your once a year, free credit report? I don’t trust half of what I read….
Thanks!
Wayne
How do I get the totally free credit reports?
Posted by admin in Personal Finance on November 10, 2009
buckrockfish87 asked:
www.annualcreditreport.com offers 100′s of listings, all requiring credit card information/activation, and the 30 day free use. Of course, I’ve learned that the report isn’t provided during the 30 days of free use!
Jessie
www.annualcreditreport.com offers 100′s of listings, all requiring credit card information/activation, and the 30 day free use. Of course, I’ve learned that the report isn’t provided during the 30 days of free use!
Jessie
Where can I get my credit reports for free?
Dianna M asked:
Everytime I try to get my “free” credit report, I’m asked to pay for something in order to get it. I know that you can get a free credit report every 12 months, but how? Can you get a free credit report from all three agencies?
Ruth
Everytime I try to get my “free” credit report, I’m asked to pay for something in order to get it. I know that you can get a free credit report every 12 months, but how? Can you get a free credit report from all three agencies?
Ruth