Get Your Credit Report
To get your credit report is a pretty easy process. In fact it can be done online for free and is probably one of the first things you should do when you are considering applying ofr any type of finance or loan.
You see, your credit report can mean the difference between getting a great deal on your loan and getting a terrible one or even getting rejected for finance.
The good news is that if you get your credit report, you can judge your own chances and even improve them. Here’s how to do it.
There are three consumer reporting companies that are responsible for collating your credit history. They all use different sources so each of the companies may have a slightly different idea about your credit. You need to get your annual free credit report from each of these companies.
After you have your credit report from them, you can then start going through it and finding the items on your report that are having a bad effect on your credit score. You are particularly interested in items that might not be correct or are even slightly misleading.
You need to collect all of those items in a list and then make notes on each of them to explain why the item should be removed from your credit report or changed. Do this in a clearly written letter and attack copies of any financial evidence you might have such as credit card statements or receipts.
After you send it off, the consumer reporting company will get back to you, usually within a month - they will either have changed the items or explain why they haven’t.
At that stage you will usually get a new copy of your credit report with the improvements made! Then you are elligable for better finance deals.
That is basically why you should get your credit report and check it!
