LOOKING FOR HOMES.ORG Fred Cope & Reliant Realty   "I Love Living in Nashville and Serving it's People"

TRUTH ABOUT YOUR FREE CREDIT REPORT

 

There are so many mis-leading websites offering "Free Credit Report" that I wanted to give you a place, and a way to know you were truly getting THE FREE CREDIT REPORT required by law.  To that end, I invite you to view the lower part of this page: web page directly from the Federal Trade Commission. and a way to know that is what you are viewing.  The following link goes directly to the FTC page for consumers regarding How to get your free credit report:  http://www.ftc.gov/bcp/menus/consumer/credit/rights.shtm

Once a year, by law, you are entitled to copies of your credit file from the three major credit repositories: Equifax, Experian and Transunion.  You can purchase your credit scores from each for a small fee.  There is no obligation to purchase these, nor anything else.

Two necessary points:

(1) These reports are for your viewing, to help you protect your credit from inaccurate information by allowing you to review and dispute its contents.
(2) This report cannot be used commercially to extend credit: lenders must pull their own reports.

Two helpful points:

(1) This gives you a heads-up of what a lender sees when determining whether to extend credit and under what terms.
(2) IF You want an experienced mortgage counsellor's input of how (1) to read the report, and (2) what it means to a mortgage underwriter: contact me.  As a complementary service to prospective real estate clientel, I will go over your report with you.  Just send me an e-mail at
rfredcope@msn.com .

Respectfully,

R. Fred Cope

Remember this website:  http://www.ftc.gov/bcp/menus/consumer/credit/rights.shtm

 


This is directly from the Federal Trade Commission website



Credit & Loans
Your Rights: Credit Reporting

The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The Federal Trade Commission (FTC), the nation's consumer protection agency, has prepared a brochure, Your Access to Free Credit Reports, explaining your rights under the FCRA and how to order a free annual credit report.

A credit report includes 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.

How do I order my free report?

You can order your free annual credit report online at annualcreditreport.com, by calling 1-877-322-8228, or by completing the Annual Credit Report Request Form and mailing it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

When you order, you need to provide your name, address, Social Security number, and date of birth. To verify your identity, you may need to provide some information that only you would know, like the amount of your monthly mortgage payment.

A Warning About "Imposter" Sites

The FTC advises consumers who order their free annual credit reports online to be sure to correctly spell annualcreditreport.com, or link to it from the FTC's website to avoid being misdirected to other websites that offer supposedly free reports,but only with the purchase of other products. While consumers may be offered additional products or services while on the authorized website, they are not required to make a purchase to receive their free annual credit reports.

For more information on free annual credit reports, read Your Access to Free Credit Reports.


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ADDITIONAL CREDIT HELP

From time to time, I will add content to this column.  More FREE info...

Fred Cope (615) 859-7150 Email Fred