Credit report score Philadelphia

These three companies have complete control over what gets reported and how it impacts your credit scores and personal credit reports. And every Lending Institution in the credit report score Philadelphia Country relies on data from one of credit report score Philadelphia the three companies - each and every single time they have to make a credit decision.

Here's an example - credit report score Philadelphia US Bank uses Equifax, Wells Fargo Bank uses credit report score Philadelphia Experian and Honda Finance uses Trans Union. Each assigns a credit score, based on the history in your credit report, which determines if you'll get the credit you're wanting....and what interest rate you'll end up with. Credit Scores are generally broken down as follows - 700+ Score - you're considered Tier 1 - considered excellent by lenders and typically credit report score Philadelphia offered the best rates.

650 - 699 - you're considered Tier 2 - credit report score Philadelphia considered good by lenders and typically offered interest rates 1% - 4% higher than Tier 1 borrowers.

600 - 649 - you're considered Tier 3 - considered fair by lenders and typically offered rates between credit report score Philadelphia 8% and 12%.

550 - 599 - you're considered Tier 4 - considered poor by lender and typically offered rates credit report score Philadelphia between 13% and 22%. 350 - 499 credit report score Philadelphia - you're considered Tier 5 - considered very poor by lenders and typically offered interest rates similar to what the credit report score Philadelphia Mafia lends at. official free credit report Recently, I've been seeing a lot of advertising on the Internet and TV offering to provide you a Free Personal Credit Report.

Heck, there's probably 200,000 Web Sites that make that offer. Ok - listen carefully - almost 99% of those ad's are credit report score Philadelphia a crock. There are only two ways credit report score Philadelphia to get a FREE Credit Report. The credit report score Philadelphia second way is to wait for your once-a-year window to request your Free Credit Report. This is a newer program just recently put in place (2005) which was mandated by the Feds. The Web Site you need to visit to see if it's your time to get Free Credit Reports is Annual Credit Report.com. Whether credit report score Philadelphia you can get the Freebie Credit Report now or not, there is still one very, very important piece of data missing.... You get the Free Credit Report....without a Credit Score. free credit report all three

You get only half the information you need to truly understand what'credit report score Philadelphia s up with your Credit. That's like ordering a King Cut of Prime Rib and getting the Petite Cut. Whenever you apply for credit, the first thing the credit report score Philadelphia lender or creditor does is pull your Credit Report....and find your credit score. The lender then knows what the score credit report score Philadelphia is and begins to make his or credit report score Philadelphia her decision regarding your request and the terms that will be offered to you. Here's a real-life example of what happens in the U.S. Let's say you're looking to purchase a new car - it's a very popular sedan that currently offers Manufacturer Financing of credit report score Philadelphia 2.9% for 60 months. You go through the entire buying process, finally agree to a price and are ready to credit report score Philadelphia finish your new car purchase You then give the Dealer all of your personal information and they run a credit report. Then the Salesperson walks slooowwwly back to where you are sitting.

He says I'm sorry, but your credit score doesn't qualify for the 2.9% financing. Every day, thousands of folks are absolutely shocked when the salesperson tells them they don't qualify for the loan they wanted. You see, that special 2.9% financing requires a 720 Credit Score and no record of any delinquencies on your personal credit credit report score Philadelphia report. best site for free credit report It's humiliating....and something you definitely were not expecting. The real problem here is this - you don't know what your credit score is and credit report score Philadelphia therefore, you don't know what terms credit report score Philadelphia and conditions you qualify for. Now, the best Interest Rate you now qualify for is 5.9% for 60 months, so you'll be paying $46 a month extra - or $2,760 during the term of that loan. And the only way it's going to stop, is for you to have a current copy of your Credit Report with a Credit Score listed.