Credit Reports Galore - denied free experian equifax

Mike Trudeau asked:


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.



SANTOS

Emanuele Allenti asked:


We have all seen the advertisements on the Internet telling us that we are entitled to free credit reports. But many people want to know if they can get their free credit report without a credit card? In short the answer is no, because if you want to check your free credit report without a credit card, you will be hard pressed to find a company that will be willing to do that.

The reason that you can’t check your free credit report without a credit card is because you need a credit card for the verification process. This then shows that you are who you say you are. Credit cards are a good way to prove your identity and a lot of people from all over the world have a credit card partially for this purpose. But of course you can’t apply for a credit card unless you know your credit score; this then saves you the hassle of possibly getting turned down for a credit card.

If you want a free credit report without a credit card, then there are ways to do this. You can write to one of the credit-reporting agencies with a copy of a recent bill, or a copy of your driving license. You then mail them your request for your free credit report. There is another way to get a free credit report without a credit card and that is by making a telephone call to one of the credit reporting agencies; they will be happy to oblige with your request.

It is almost impossible to get a free credit report without a credit card on the Internet. Credit cards are the only way to prove to these companies that you are who you say you are. But if you are not heavily concerned about your credit score, then you can wait for your annual credit report, which means that you will always get a free credit report without a credit card.

There are hundreds of websites that offer you the opportunity to view your free credit report with no obligations–no obligations, that is, until your 30-day free trial runs out. That is the main problem with these companies; they will let you see your free credit report with no obligations. But if you do not cancel your membership with them before the end of your 30-day free trial, then they will start to charge you for a service that you are no longer using. That is hardly fair, considering you only joined them to view your free credit report with no obligations.

These companies understand that you will want to view your free credit report with no obligations. So that is why they are only offering their customers 30 days free membership. Remember that you must cancel your membership before the 30 days are over, otherwise you will be charged a month’s worth of use. They will always let you know how you can cancel. The information on how to cancel will usually be printed in the small print on the bottom of the webpage; write that information down, so you can become a free member. Then you can check your free credit report with no obligations.

If you want to view your free credit report with no obligations, then you have options. You can check either through the Internet or you can get it through the mail. You can do this by getting in touch with an official credit-reporting company. The best thing about these official credit-reporting companies is that you will receive your free credit report with no obligations and you won’t have to give them your credit card information. Going with an online company for your credit report is a good idea if you need to keep a constant eye on your credit reports, but if you are happy with just your annual report then there is no real reason for you to sign up to one of these credit websites.



ARNOLD

Mike Clover asked:


In this article we will discuss the misconception of free credit reports. There are lots of advertisements out there saying get your free credit report. But what exactly does a free credit report come with? I have personally seen about 3 different types of credit reports being advertised out there.

The first type of credit report is the credit report where you only get a credit report from one of the bureaus. There are 3 bureaus, and they are Equifax, Trans Union, and Experian. Typically the offer includes a report only from one of these bureaus. You might ask yourself how does this help me, and the answer is it does not help very much. The reason is since there are 3 bureaus, and they all report somewhat different information; you might want to get a credit report from all three bureaus. This is called a tri-merge, or a 3-1 credit report. In other words you get one report with all three bureaus and what they are currently reporting about you in regards to loans outstanding with your creditors.

The second type of credit report is the 3-1 credit report with credit score. This is somewhat better; you get all three bureaus reporting your information along with only one of the agencies giving a score. Well you might ask yourself again, what is the advantage and disadvantages of this type of credit report? Since there are 3 bureaus reporting your credit, it would only make sense to get all 3 scores since that is what most lenders look at. Mortgage companies pull your 3-1 credit report with all three scores and typically use the middle score for qualifying purposes. If this is the industry standard in the qualifying process, shouldn?t you see the same report? I would have to say yes.

The third type of credit report is the 3-1 credit report with all 3 scores. This is the best type of credit report, because it is what lenders look at. Most people out there getting a free copy of there credit reports are not really sure what they are getting. Annualcreditreport.com advertises that you are entitled to a free copy of your credit report once a year, but fail to mention you don?t get your scores. It is in your best interest to get your credit report with all 3 bureaus and all 3 scores, especially since this is what most creditors look at in the determining process for lending you money.

Here is the break down for credit scores and how they are classified for mortgage:

? 780-850 ? Low Risk

? 740-780 - Medium ?Low Risk

? 690-740- Medium Risk

? 620-690- Medium High Risk

? 620 and Below ? High Risk or ?Sub-Prime.?

With all of this being said, it obviously makes more sense to get your 3-1 credit report with all 3 credit scores. Especially since that is what creditors are looking at. When pulling a consumer credit report it does not affect your credit scores.



ISAAC