Credit Offers
Click here to get your free Fico score and Equifax credit report.
AnnualCreditReport.Com, Freeannualcreditreport.com, & Myannualcreditreport.com.
AnnualCreditReport.com is a site that was constructed in response to legislation enacted in America by the USA Government Federal Congress requiring each of the three major nationwide credit reporting agencies to provide one
free credit report per consumer per year. This is the Free Credit Report as required by the US Government. This does not include a
free credit
score. You must pay extra for a score.
At the site you must elect your state and hit go. Next you fill out some sensitive information about your self. Then you type in a security code that they provide in a shaded box. I found this to be problematic on at least one occasion. The zero (0) and the letter o are virtually indistinguishable and I kept getting it wrong. It was only after I came back later and got a code with neither a zero nor an o in it that I got past the security measure. Once you pass this test you can choose from the three bureaus. At this point the person is transferred to the bureau’s site and more questions are asked. This website does not give away credit scores. See about
credit scores
below
Both freeannualcreditreport.com, and myannualcreditreport.com are not affliated with the above website and are URL's with no website on it.
How Credit Scoring Helps You
scores give lenders a fast, objective measurement of your credit risk. Before the use of scoring, the credit granting process could be slow, inconsistent and unfairly biased.
Credit scores – especially FICO® scores, the most widely used credit bureau scores – have made big improvements in the credit process. Because of credit scores:
- People can get loans faster.
Scores can be delivered almost instantaneously, helping lenders speed up loan approvals. Today many credit decisions can be made within minutes. Even a mortgage application can be approved in hours instead of weeks for borrowers who score above a lender's “score cutoff”. Scoring also allows retail stores, Internet sites and other lenders to make “instant credit” decisions. Click here to get your free Fico score and Equifax credit report. - Credit decisions are more fair.
Using credit scoring, lenders can focus only on the facts related to credit risk, rather than their personal feelings. Factors like your gender, race, religion, nationality and marital status are not considered by credit scoring. Click here to get your free Fico score and Equifax credit report. - Credit “mistakes” count for less.
If you have had poor credit performance in the past, credit scoring doesn't let that haunt you forever. Past credit problems fade as time passes and as recent good payment patterns show up on your credit report. Unlike so-called “knock out rules” that turn down borrowers based solely on a past problem in their file, credit scoring weighs all of the credit-related information, both good and bad, in your credit report. Click here to get your free Fico score and Equifax credit report. - More credit is available.
Lenders who use credit scoring can approve more loans, because credit scoring gives them more precise information on which to base credit decisions. It allows lenders to identify individuals who are likely to perform well in the future, even though their credit report shows past problems. Even people whose scores are lower than a lender's cutoff for “automatic approval” benefit from scoring. Many lenders offer a choice of credit products geared to different risk levels. Most have their own separate guidelines, so if you are turned down by one lender, another may approve your loan. The use of credit scores gives lenders the confidence to offer credit to more people, since they have a better understanding of the risk they are taking on. Click here to get your free Fico score and Equifax credit report. - Credit rates are lower overall.
With more credit available, the cost of credit for borrowers decreases. Automated credit processes, including credit scoring, make the credit granting process more efficient and less costly for lenders, who in turn have passed savings on to their customers. And by controlling credit losses using scoring, lenders can make rates lower overall. Mortgage rates are lower in the United States than in Europe, for example, in part because of the information - including credit scores - available to lenders here. Knowing and improving your score can also lead to more favorable interest rates. Click here to get your free Fico score and Equifax credit report. 
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