Avoiding Scams Surrounding Free Credit Reports
Often when folks are readying themselves to buy homes, one of their first acts of readiness is to obtain their all important credit score. By law, consumer credit reporting companies, Experian, TransUnion, Equifax, are to provide you a free copy of your credit report, once a year, should you request it.
There is a toll-free number, mailing address, and a central website (listed below), which you can reach these the three companies mentioned above.
It should also been known there are companies that claim to provide this free service. However, there is also and high incidence of questionable practices surrounding some of them. These include occurrences of hidden fees and requirements that you opt out to avoid being billed after an introductory period. Many of these websites have the appearance of annualcreditreport.com and can easily mislead you. It is also important to know that annualcreditreport.com will never send you e-mail, phone you, or will you get "pop-up" ads from their website at annualcreditreport.com.
The Federal Trade Commission has a website, with more important information regarding credit reports.
Potential home-buyers, who wish ready themselves for the home buying experience, also need to become pre-qualified for financing, and credit score is an important factor in that process.
For additional information on how to become ready for taking advantage of the current home buying opportunities, please contact one of our GreatWest GMAC Real Estate Professionals. We look forward to hearing from you!
Written for GreatWest GMAC
by: Myrl Jeffcoat
Related Links: www.annualcreditreport.com
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