If you are in the market to purchase a home or want to refinance your mortgage to take advantage of the lower interest rates available, you will want to run a credit report first.  This will allow you find out:

1. What is my credit score?

2. Are there any accounts being reported that aren’t mine?

3. Are there discrepancies being reported by my current creditors?

Check our your credit report from Experian before buying or refinancing a home.     credit-agencies2     equifax1

Thanks to the Fair Credit Reporting Act, you are entitled to one full credit report from TransUnion, Experian and Equifax each year.  That means, you can either request one free report from each credit reporting agency sporadically throughout the year or you can order all three at once to compare information.  This is the more recommended method, since companies don’t all report to the same agencies and information on each report can vary.  The better your credit is before you purchase or refinance your home, the better interest rate you will receive, saving you money.  When you find any mistakes on your credit report, immediately notify the agency it was reported to and file a dispute on the discrepancy.  It is the credit reporting agency’s responsibility to follow up on it.  Visit http://www.annualcreditreport.com to get a copy of your free reports online, via phone or in the mail.

If you have any more questions about getting your free credit report or need help with your Western North Carolina real estate needs, please give me a call at (828) 808-9238 or email me at rich@richcooke.com.  I’m here to help.