Here’s another reason you should order a copy of your credit report every year. Because lots of other people are looking at it! The Fair Credit Reporting Act says a company must have a legitimate reason to do so. Here are some of the people who might:
Lenders. A good credit score helps you qualify for the best rates on mortgages, car loans, credit cards, etc.
- Insurers. Many home and auto insurers use your score to help determine your rates.
- Landlords. They view your credit as a measure of your responsibility to pay bills on time.
- Potential employers. With your consent, they can look at your score but they don’t get to see as many details as lenders.
- Government agencies. They can only look at limited information.
When a business checks your credit report because you made an application for a credit card, loan or other service, a “Hard” inquiry gets recorded on your credit report. These inquiries impact your credit score. “Soft” inquiries (made by you or a business you already have an account with) do not affect your score.
You are entitled to order a free credit report from each of the three U.S. national credit bureaus every year. Make sure you go to the only source authorized by law at www.annualcreditreport.com.
Kurt Galitski
Meet Kurt Galitski - The Kurt Real Estate Group, your new best friend. Distinctive Strategies that Deliver Record-Setting Results. When you combine Kurt’s passion and knowledge of the real estate market, you really gain an appreciation for what makes Kurt different. But what truly sets him apart from the crowd are his 5 distinctive strategies and his property management… For Kurt, getting into real estate was not an accident, it was a deliberate and calculated decision to deliver a better experience to home buyers, sellers, and landlords that they have ever received before. Today, you could ask any one of hundreds of clients, read his Yelp reviews, or look at his track record of being featured in Orange Coast Magazine in excess of eight consecutive years and you too will say mission accomplished. www.KurtRealEstate.com www.KurtPropertyManagement.com 877-957-6677
Follow Me:
