Have you always wondered what your credit score might be? Have you been looking all over the place but just couldn’t find a good company that will actually provide you detailed reports with your Credit Score from all three places? Sadly, There are a lot of companies out there that promise they will give you detailed reports when it comes to your credit score but when you actually see the report it’s nothing more than just a credit score without any of the information. That’s why we are testing and showing our reviews for you so you can be better informed and make great decisions when it comes to choosing a place to get your credit report at!
So you have decided to make the big jump and purchase your 1st home. You have found your realtor that you want to work with. You have found a mortgage consultant to work with. You have gathered up all of your bank statements and tax returns and you are ready to go. Your mortgage consultant calls you back and lets you know your credit score is to low. You have no idea why it is low. To your knowledge you thought your credit was perfect and that there was nothing to worry about.
So now what do you do? Where do you go to fix it. With Free Score Portal you will be able to see exactly what is reporting on your credit report.
If your like most people you don’t know how a credit report actually works. These are the main things that will effect your credit score.
Too many inquiries (how often you apply for credit)
- Too many serious delinquencies (how timely your account payments are)
- Too many recently opened accounts (how often you have opened new lines of credit recently)
- Average balance of revolving accounts is too high (what you owe vs. available)
Free Score Portal will show you exactly what is on your report.
Most people will open up several credit cards and not think anything of it. They will pay their minimum due payments each month thinking that by doing so they are improving their credit score. When in fact by opening up some many accounts all at once it actually dropped their score.
Also if your credit card limit $500 and you spend $450 of that credit limit, it has just dropped your credit score. To keep your score in good standing you need to make sure you keep your credit cards all under the limit. A good rule of thumb is to keep your credit limit 70% open. Pay off what you can each month or pay more.
With Free Score Portal you will be able to see of your credit accounts and be able to see how they are all reporting to all of the 3 major credit bureaus. Experian, Equifax, and TransUnion . Each one will score you a bit different. So it will be good to see what each one is reporting.
So that when you sit down with your mortgage consultant the next time, or when you step into a car dealership you will be prepared and be able to get approved for your loan.
We all know how important our credit score is. Every thing you might need obtain in life, care loans, credit cards, loans for personal situations and for the big house purchase. If you don’t have a decent credit score you will not be able to obtain of of these things.
Its also very important to monitor your credit. Equifax can help you do this. You need to be checking it to make sure someone has not opened up a credit account in your name. It is fairly easy for scammers to obtain a persons social security number and then bam the person has opened up numerous accounts in your name and has not made any monthly payments on the account. So therefor it has ruined your credit. Just by that one action your credit score that was in the 700′s could go as low as 500 or less.
Its so important to monitor your credit for many different reasons.
Pros to Monitoring your credit
- you will be able to see if anyone has opened up unauthorized accounts
- You will be able to track your credit history
- You will be able to make sure the credit bureaus are reporting accurately
- If you catch something on your report that is not correct you can fix it
Cons to monitoring your credit report
- There is none… It is only beneficial to you to monitor your credit report.
How easy is it to get started? It is very simple. All you need to do it sign up for the Equifax Complete Advantage. You submit your information and the report will start to go to work. You will be able to see everything.
Have you ever gone into a car dealership and sat down and be told you don’t qualify for a car loan? Because your score is to low? But yet you have no idea why its so low? You need to know what is being reported. You have the right to know what your score is but to also know how you can improve it.
You will be able to see all of your credit scores on Equifax . All 3 bureous Equifax, Experian and TransUnion.
After viewing your report you can start to look at how you can improve your credit score. You can also call or write to the bureau if you see anything that is reporting inaccurately and then get it taken care of. Which in most cases will raise your credit score from a few points or up a few hundred just by fixing a few inaccuracies.