Most people today know that the US government has worked out a deal with the three main credit bureaus of America to every provide an annual credit report for each and every individual with a legitimate social security number.
Originally uploaded by Alec Peden
This is a fantastic thing for everyone. For 1, we can all view our credit reports as soon as a year to make certain everything on it is accurate and that there are no credit card and other loans there that we did not authorize. And if we do find something odd on these reports, we can take suitable actions.
I’ve personally claimed my three credit reports and am extremely please with the process. Well, technically only two came through simply because 1 of them did not permit me to get it online at the time and I just did not bother with it. The website was easy to use and delivered what uncle Sam promised.
There is 1 thing missing though. The FICO score. This is a numerical number calculated from the information on your credit reports and is just about the first thing possible creditors will appear at when deciding whether you qualify for a loan at a specific interest rate, or your credit worthiness level.
Typically, this is a separate item you can purchase though any of the three main credit bureaus as nicely through a variety of its resellers. Occasionally it comes bundled with other financial products.
So, when you are searching to check your credit history, be certain to get your three credit reports and your FICO score so you can know the whole picture!