Shockingly, many people have never seen their Credit Report! Not knowing what your credit report says about your finances may cost you more when trying to obtain a mortgage. Even those who pay everything on time might have an unaddressed credit issue that is hurting your credit! It is very common for incorrect information to be reported on your Credit Report and it is important to identify any issues and correct them before you apply for a mortgage.
Many of you have seen “Free Services” advertised on T.V., The Internet, and through the Radio. When you see an offer for a “Free Credit Report”, IT’S NOT FREE and generally gives you a little information to get you to sign up for their services! However, under federal law, you have the right to obtain a free and secure Credit Report at www.annualcreditreport.com. The top three credit reporting agencies, Equifax, Experian, and TransUnion are required by law to provide you with a free annual credit report, once a year.
