Credit scores credit reports Terre Haute

We found credit scores credit reports Terre Haute some items on her report that should not have been there, and it was hurting her credit score. This story shows why you should always check your credit reports several months before applying for a mortgage loan. We have dozens of articles on this website that explain where your credit reports come from, what information it includes, etc. But I do want to give you a quick primer on how the credit-reporting industry works. If you have ever taken out a loan or signed up for a credit card, you should have a credit history. For most people, this history begins when they apply for their first loan or credit card. 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. free credit report sites There are three credit-reporting companies that 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 credit scores credit reports Terre Haute apply for a mortgage credit scores credit reports Terre Haute loan, the lender will use this score to determine the level of risk you bring the table. annual free credit report from government 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 the credit scores credit reports Terre Haute loan. It also influences the interest rate you credit scores credit reports Terre Haute get from the lender.

This is why it's so important to check your credit reports credit scores credit reports Terre Haute before applying for a mortgage loan. If you missed the connection between these two things, here credit scores credit reports Terre Haute it is again...

Credit reports contain information about your repayment of debts. This information is used to produce a FICO score that ranges credit scores credit reports Terre Haute between 300 and 850. free credit report 3 bureaus

You have three scores -- 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 credit scores credit reports Terre Haute lender to assign a higher interest rate as well. With that introduction out of the way, let me get back to the personal story I promised to share.