Almost every day, you're involved in some type of financial transaction requiring an educated decision. The FTC's Website on Credit has information for you, whether you’re shopping for a mortgage or auto loan, checking the accuracy of your credit report, dealing with debt collectors, or looking for ways to protect your personal financial information.
Your Credit Score
Credit scores can impact a surprising cross-section of life. Landlords, lenders and employers are just some of the people who may use your credit scores to assess your character and judge your reliability. You’ll want your credit to be there for you when you need it.
A credit report contains information on where you live, how you pay your bills, and whether you’ve been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.
There are three different national credit bureaus. Each bureau calculates its own score based on information within its individual file. For this reason, you may have three completely different credit scores. Many lenders focus on the middle score, but monitoring all three can be useful.
Every consumer is entitled to a free annual credit report from each of the three national credit bureaus. We highly recommend that you check each of these reports every year. You might want to consider requesting a different company's report at 4 month intervals.
You can obtain your credit reports at www.AnnualCreditReport.com, the only authorized source for your free annual credit report.
Something to keep in mind:
AnnualCreditReport.com and the nationwide consumer reporting companies will not send you an email asking for your personal information. If you ever get an email or see a pop-up ad claiming it’s from www.AnnualCreditReport.com or any of the three nationwide consumer reporting companies, do not reply or click on any link in the message — it’s probably a scam.
If you still have questions about credit and/or financing - please contact Brad or Dave.