Credit checks Gainesville

That will negatively impact your personal credit report as well.

Have you ever asked for a credit limit increase on any credit checks Gainesville of your credit cards?

That negatively impacts your personal credit report as well. Have you been transferring Credit Card balances from one Credit Card to another to take advantage of lower interest rates? It's a mistake that millions make every month....and it severely impacts your credit report every time you do it. Last year, 10 million people were victims of identity theft. And most of them did not find out about the theft till they applied for credit, were turned down....and then decided to review their personal credit report. On average, victims ofIdentity TheftOfficial Social Security & FTC Identity Theft Info labor for 16 months, waste almost 200 hundred hours of their personal time and spend more than $1000 clearing their names. Other than Identify Theft, all of the examples listed above can be turned around - if you know how Credit Reports and Credit Scores work! credit scores credit reports The actual credit scoring system and credit report was developed by a company called Fair-Isaac (a quasi-governmental-type group). Today, all that Data is now managed by Trans Union, Experian and Equifax. These three companies have complete control over what gets reported and how it credit checks Gainesville impacts your credit scores and personal credit reports.

And every Lending Institution credit checks Gainesville in the Country relies on data from one of the three companies - each and every single time they have to make a credit decision. Here's an example - US Bank uses Equifax, Wells Fargo Bank uses Experian and Honda Finance uses Trans Union. Each assigns a credit score, based on the history in your credit report, which determines if you'll get the credit you're wanting....and what interest rate you'll end up with. free credit checks Credit Scores are generally broken down as follows - 700+ Score - you're considered Tier 1 - considered excellent by lenders and typically offered the best rates. 650 - 699 - you're considered Tier 2 - considered good by lenders and typically offered interest rates 1% - 4% higher than Tier 1 borrowers. 600 - 649 - you're considered Tier 3 - considered fair by lenders and typically offered rates between 8% and 12%. 550 - 599 - you're considered Tier 4 - credit checks Gainesville considered poor by lender and typically offered rates between 13% and 22%.

350 - 499 - you're considered Tier 5 - considered very poor by lenders and typically offered interest rates similar to what the Mafia lends at. Recently, I've been seeing a lot of advertising on the Internet and TV offering to provide you a Free Personal Credit Report. Heck, credit checks Gainesville there's probably 200,000 Web credit checks Gainesville Sites that make that offer.

Ok credit checks Gainesville - listen carefully - almost 99% of those ad's are a crock. free credit report number There are only two ways to get a FREE Credit Report.

The second way is to wait for your once-a-year window to request your Free Credit Report. This is a newer program just recently put in place (2005) which was mandated by the Feds.

The Web Site you need to visit to see if it's your time to get Free Credit Reports is Annual Credit Report.com. Whether you can get the Freebie Credit Report now or credit checks Gainesville not, there is still one very, very important piece of data missing....