It All Starts With Your Credit Scores
In 2003 Congress passed legislation giving
all consumers the right to request and receive one free credit
report per year from the three national repositories as seen
below:
Equifax (www.equifax.com)
Experian (www.experian.com)
TransUnion (www.transunion.com)
FREE CREDIT REPORTS are
now available although you should know it is access to usually
one report only not all three and no credit scores. Credit
scores are what is needed to get any loan, mortgage, car loan,
credit cards, and other loans. You can get more information
about this at the links below:
Free
consumer access to credit reports
www.AnnualCreditReport.com
All
lending agencies use the FICO credit scores to determine what
type of loan and interest rate you qualify for.
A higher credit score means you will qualify for a lower interest
rate loan and better loan programs. If you are considering
refinancing or buying a home and need a loan we seriously suggest
you start by pulling your own credit report at the FICO link
below.
www.MyFico.com
How your FICO Score Affects
Your Interest
Rate and Monthly Payment
| Your FICO Score |
Your Interest Rate |
Your Monthly Payment |
720-850
700-719
675-699
620-674
560-619
500-559 |
5.72%
5.84%
6.38%
7.53%
8.53%
9.29% |
$872
$884
$936
$1,052
$1,157
$1,238 |
From the FICO link above start with the following:
All 3 scores and 3 online credit reports
from TransUnion, Experian, and Equifax.
More
Info
Sample
Why
you need all 3 scores
$44.85
You should also look at:
Learn about the five areas of credit scoring
and what you can do to improve your credit score.
Download
PDF (385k)
Lending
agencies base the interest rates and loan programs you qualify
for on your middle credit score, from the three national
repositories as seen above. If you are married and the
loan depends on both of your incomes, which is usually the
case, they pick the spouse with the lowest credit score and
use the middle score of that spouse. This is why it
is very important to pull the credit scores for both you and
your spouse and start working on increasing those scores from
now on. This will not be the last time you go for a
loan. Your FICO credit score is used for all loans,
cars, credit cards, educational loans, and mortgage loans.
Making twice as much money as you do now makes very little
difference compared to paying off your debts, paying all bills
on time, and cleaning up any credit issues that should not
be on your report. The jump from a middle score of 670
to 680 is the area where many good rates and programs begin
to happen and it just gets better the higher the score.
Pre-Paid Credit Cards
All it takes is $44.85 to
pull your scores and reports, as mentioned above. If you
do not have a credit card to pull your scores and reports you
can purchase a prepaid credit card just like a prepaid phone
card at one of your local stores. Here are just a few
links found from a www.google.com
search on prepaid credit cards.
http://www.rlrouse.com/prepaid-credit-cards.html
http://www.westernunion.com/info/osPrepaidMC.asp
http://www.creditcardcatalog.com/prepaidcreditcards/
http://beginnersinvest.about.com/od/prepaidcards/
Pre-Paid Legal
Did you know you can get
your credit reports and credit monitoring from Pre-Paid Legal.
This is another avenue you should seriously consider.
Why pay the same price when you could have so much more.
Check our link below and get back to us with any questions.
www.Pre-paidLegal.com/hub/danringwald
*********************************************************************************
Once
you have looked over your credit if you need help restoring
it we have a solution, Academy Law Firm. They are
a licensed and bonded law firm and have no negative information
from the Better Business Bureau. Procrastinating on cleaning
up your credit is the heart of the financial problem when it
comes to personal and financial freedom. Look over the
information below and click on any one of the graphic banners
which will take you to their web site.
About Academy
|
To
provide needed credit representation at an affordable
rate in order to help individuals and families rebuild
a strong credit foundation upon which to build the best
possible future.
We have helped thousands of clients like yourself re-establish
a good credit rating according to their rights under
the Fair
Credit Reporting Act.
We work hard to provide the best legal representation
available with over a decade of experience working with
credit reports and the associated laws!
Academy Law prides itself in providing customers with
a personal paralegal to work on each account. This means
personal attention and service to every detail on your
credit report.
We understand
how important a good credit rating is to you in today's
world. Let us assist you and your family to a better
financial future!
 |
**********************************************************************************
If all else fails and there
is no other way around it you may want to seek help from the
company at the link below.
www.TotalBankruptcy.com
If you need to check out
your credit at MyFICO or get help from Academy Law Firm please
do so. Once you are ready contact us here at Home Savers
Today to get some clear directions on a plan that will work
for you. If
you need a loan to purchase, refinance, commercial, or to build
a home we have the loans and programs you need.
We can provide you with a free mortgage analyses to find out
what rates and programs are available for you. The process
will take 15 or 20 minutes over the phone. From that point
on you will know what you can do and just how much you will
save in order to get the lowest possible monthly mortgage payment.
If you have any questions please call or email
now. Thank you.
|
