Do you even know what your credit score is? Do you know what you need to do to raise your credit score? What are the benefits of a 700+ credit score?
In today’s FICO Era, since 2000, one needs to be aware of what the credit score looks like, because you never know when your score could adversely and seriously affect the outcome of a much needed transaction. The average credit score today is 636. Moreover your credit score affects the premiums you pay for home, auto and renters insurance, and the interest you pay for credit cards, auto financing, and home mortgages; it is estimated those with a poor score pay $333 per month more than those with a good credit score.
The best gift you could give yourself this season is a free copy of your credit report. The Fair Credit Reporting Act (FCRA) affords every consumer a free annual credit report. These reports do not come with scores, nor do they generate an inquiry, but they are comprehensive in the information they provide. They can be ordered online, www.annualcreditreport.com or over the phone by calling toll free, 1-877-FACT-ACT (322-8228) then delivered to your mailbox in about 15-days (preferred). Ordering online will provide you with an opportunity save your reports as a PDF on your computer, and to purchase your credit score with your reports (expensive). For only one dollar ($1) you can get all three scores at PrivacyGuard.com along with a 3-Up credit report that is no where near as comprehensive as the separate reports from each bureau. Another option is CreditKarma.com for a TransUnion view of your credit and score for free; please ignore the advertizing for credit counseling and repair; I provide better service at better rates.
After you get your credit reports, if you feel you need some help to understand them, call us! A professional review of your credit reports that includes the counseling that will help you raise your credit scores is only $90 at Austin Credit Group. For an example of a client that thought they understood what was on their report, click here.
A credit score of 760+ get people Tier 1 (best) interest rates on a mortgage. Scores over 700 gets credit offers, and the best rates for auto loans and insurance premiums.
Knowledge is power! Order your FREE credit reports today!