Free Credit Report With No Credit Card Required

Oct. 4, 2010 - PRLog -- There are several websites available on the Internet that give consumers the chance to obtain a free copy of their credit report. However, there is more to the story that borrowers should know about this process. Some of the offerings include a free credit report, but do not include the credit scores. This is the free variety with no credit card need to obtain them. For those not familiar with the process, the 3 digit credit score is calculated from the information contained in the report itself. This method is not well known to those outside of the reporting bureaus. Individuals should evaluate every part of their statement to ensure that all entries are correct and valid. Any incorrect line entry can be disputed with the bureau itself.

Get your free credit report - http://www.creditcardbankaccount.com/free-credit-report.html

This is important, as lending institutions check out this data as well. Almost any major creditor has access to their client's statement. The credit risk is one way of determining whether a prospective applicant will receive an approved loan.

It has even pervaded the way that companies evaluate new personnel under consideration to be hired. But obtaining a copy of the free credit report is still important -- even without the 3 digit score. Of course, the full package may be ordered, including the credit score, but this does involve payment of a fee. The data should be evaluated carefully before proceeding any further. This should be done because the more negative items that are found, the better chance that a consumer has of raising his score. This is very important, since all lenders are basing their basis for risk upon this number. A figure on the high end of the scale will qualify applicants for the best possible interest rate. These can be for a credit card application, a new boat, or even a college tuition loan. It doesn't matter what the reason is, to get the lowest interest payments, a good score is necessary.

People in the low risk category have a score ranging from 780 to 850 points, while the high risk type are at 620 and below. Everybody else lies somewhere in between on the credit score scale. The increments decide what type of rating classification that a person will be included in, and help a lender make a decision. For the discriminating consumer, obtaining their credit scores is important also. There are services available that will provide the complete package. These do require the use of a credit card, but the score is included with the information. This may help with such a major problem as identity theft; which is becoming a larger issue all the time. It is important to get a credit report once a year to safeguard valuable information and maintain a good credit rating.

Get your free credit report - http://www.creditcardbankaccount.com/free-credit-report.html

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