Archive for March, 2010
I had applied for a small loan and after receiving the reasons for its denial I noticed two reasons were something to the effect of “Delinquincy, public record, nonpayment”, or something similar. This alarmed me so I went to the official free credit report site and checked my history. The report I received on this site(through Equifax) did not indicate ANY negative history so I was confused as to why the bank’s credit check would.
I have several tens of thousands of dollars in debt due to student loans for law school but those don’t have to be paid back until after I graduate in 2009. My other credit history is small and I know I never missed any payments on any of my bills.
The only things I think it could be are either tickets/criminal history or overdrafting an account(which I’ve done once or twice). Would these qualify for the description the bank gave me? Why didn’t these things show on the free report? Sorry for the length but I wanted to be accurate.
A few additional details in light of the first answer. I should say that the main reason I was told I was refused was because of 1)a lack of credit history and 2)no paying job. The lack of credit history means I did not have any previous lines of credits with debt payable to a financial institution. My internship is for a government position(prosecutor) and is unpaid. Also any overdraft was immediately corrected.
I didn’t see any of the three reporting agencies on the letter but I’m sure I can give the bank a call and find out. I did receive my free report from the official site so hopefully I can still get additional ones from the other two agencies. Still does anyone have any ideas what these negatives could potentially be?
A free credit report online is a very simple method by which one can keep a track of his previous credit payment history, credit score etc. This simple tool is very beneficial for you to maintain a track which will help you to take decisions about your future financial dealings. This method is free and is accessible online.
There are mainly three credit bureaus that are responsible to formulate credit reports. These institutions keep a record of the credit exchange in the market. These three bureaus are Experian, Equifax and TransUnion.
Free credit reports online consists of your personal information, financial and credit state and your credit score. A credit report is always checked by the banks and creditors when you go for a personal loan, house loan, auto loan etc. or even a job. It is very important to check regularly your credit report and get the corrections and clarifications made in case of inaccuracies or incorrect information.
Checking your free credit reports online is a smart way that does not harm your credit in anyway. In fact this method will protect you from certain inaccuracies and even thefts. Inaccuracies includes faulty personally information, bad credit report, improper address and employer etc. can be corrected and even help in improving your credit status. Keeping a track of monetary transactions through the credit report can protect you from conditions where you can miss out the upcoming opportunities just because of faulty financial condition.
Today it has become very important to check your credit reports since the market is facing severe dip and big corporate and banks are getting bankrupts. Laws are getting strict against defaulters of credit. One must keep a track and get free credit reports online so that to avoid any inaccuracy that may lead to legal action against him.
What website would I go to to get the reports?
Click Here to Get A Free Credit Report from Experian
A credit report is a record of an individual’s or company’s past borrowing and repaying, including information about late payments and bankruptcy. In Florida, when a customer fills out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files. This information is used by lenders such as credit card companies to determine an individual’s credit worthiness; that is, determining an individual’s willingness to repay a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders. Lenders like to see consumer debt obligations paid on a monthly basis.
These factors help lenders determine whether to extend credit, and on what terms. With the adoption of risk-based pricing on almost all lending in the financial services industry, this report has become even more important since it is usually the sole element used to choose the annual percentage rate (APR), grace period and other contractual obligations of the credit card or loan.
For a limited time, Florida residents can get a free credit report from Experian to determine their credit score. This report will also help keep you safe from identity theft and is currently available to you free of charge. Don’t wait – this free credit report can save you thousands of dollars on internet payments, click on the link below to get your Florida free credit report now:
Florida Residents – Get Your Free Credit Report Now!
A credit report is an important document today. For availing any type of loan, home mortgage, auto insurance, or credit card services, a good credit report can save on money by lowering the interest rates charged.
The U.S. states allow a free credit report to be provided to any citizen by the three major credit report agencies. A special website allows one to apply for a free credit report.
A credit report is a summary of the credit history of an individual providing details like amounts due, payment history of credit bills, etc. The credit bureaus also provide a credit score that shows in a nutshell the ranking of an individual compared to others.
Credit bureaus like Equifax provide a number of services related to credit reports, and charge customers for the same. Visiting their online sites is the best way to acquaint oneself on issues related to credit reports and credit fraud.
It is important for consumers to keep a regular check on their credit reports as the number of online and offline credit frauds increase, especially identity theft. The bureaus provide services to counter such threats as well.
A good credit report can save one valuable dollars as it can be used to bargain a lower interest rate on credit card purchases and mortgages. A bad credit history can mean a higher interest rate, and may even result in denial of credit or mortgage.
Obtaining a free copy of the credit report is therefore the first step toward keeping a check on one’s spendings and budget.
For more information, please visit: government free credit report
every time i try to pull the free report up, they require a credit card. that’s not free.
You hear from all sorts of places about getting your free credit report, but you just have to sign up for a free trial. And there’s always that catch. I saw something yesterday on the TV about a free credit report being offered and the offer expires end this month? I can’t remember who it was.
Also, that offer aside, 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….
Is there a way to get a free credit report?I tried but they only offer a “Free trial”,then money every month!
I heard everyones entitled to 1 free report,state by state?
If so,how do i do it?
You’ve probably seen the many advertisements that promise, a free credit report. You may have asked yourself, how is it possible for all these companies to offer these attractive free services? The answer is, like a lot of things; there is a catch. The catch, of course, isn’t an obvious one, when it comes time to sign up for a free credit report. What many of these unscrupulous companies do is they get you signed up for a free credit report first. Many consumers are finding out the hard way that they have been taken with things like recurring billing and the like. This is how a large number of companies offering free credit reports make their money.
Fortunately, there is a solution to this. Due to numerous consumer complaints the government has provided a resource that allows you to get a truly free credit report. By going to annualcreditreport dot com you can get a free credit report, thanks to our government. The only drawback, however, is that you can only get one free credit report once a year from each of the three credit reporting bureaus.
So, you may be asking, why is it important first time home buyer to get a free credit report? Your credit report shows a complete history of your credit. In some cases, this is gratifying, and others it is disturbing. Regardless of how great you think your credit is it’s always a good idea to check your credit. With identity theft on the rise, checking your credit regularly is more importance than ever. Getting a free credit report, the right way, doesn’t cost you a thing. What it does for you is allow you to see if there are any issues on your credit history. This can be particularly important for the first time home buyer. If you have unresolved issues looming on your credit report it could negatively affect your credit score, resulting in a higher mortgage rate. And assuming that getting the lowest rate on your mortgage is important, you’ll want to make sure your credit is squeaky clean.
It is not at all uncommon for individuals to find mistakes on their credit report. These mistakes can be cleared up, relatively easily with your creditors. You may have an unresolved bill that’s holding your credit down. Even the smallest of unpaid bills can have a negative affect on your credit. All these things can go unresolved if you’re not on top or credit report. Discovering these issues helps in the process of improving your credit so that you get the lowest interest rate possible on your home loan.
Things are hard enough the first time home buyer. You have to come up with a large down payment. You have two get approved for a loan. You have to cover closing costs. The list goes on. Getting your credit straightened out is one of the easiest ways to get on track for the first time home buyer.
After you make sure you have no credit issues, or you get any unresolved issues straightened out, you’ve taken the all-important first step. There are many first time home buyer programs available. Some allow for lower down payments or lower interest rates when it comes to buying your first home. You can withdraw money from qualified plans early if you’re a first time home buyer. There are even some grants in specific states available. Do some homework and be sure to take advantage of these programs, it can save you substantially. And with the cost of real estate, and just how hard it is to be a first time home buyer, you’ll need every advantage you can get.
I’ve done it before but I just can’t remember how to get a free credit report if i’ve recently been denied credit.