Check Your Credit Report and Increase Your Credit Score Before Buying a New Car
Purchasing a new car is one of life’s more exciting experiences, but it can be overwhelming and expensive if you don’t follow some simple car-buying procedures.
Buying an automobile can be a personal or business transaction, and just like purchasing a home, it involves a lot of emotions. The more emotion you keep out of it, the better the final result. Knowing the buying process and how to navigate it is your best path to a smooth buying experience. Before you head to a car dealership, you should first explore the status of your credit to determine if you’re a ready, willing, and able buyer.
In order to find out if you are a ready, willing, and able buyer, you should start with obtaining a Free copy of all three credit reports from the main three credit bureaus Experian, Equifax, and Transunion.
The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to credit reporting companies.
Experian, Equifax, and Transunion have set up a central website, a toll-free telephone number, and a mailing address through which you can order your free annual report. Only one website is authorized to fill orders for the free annual credit report you are entitled to under law — annualcreditreport.com.
Never pay for a copy of your credit report again. There are several companies that offer free copies of your credit report as well as your credit scores, which are mentioned below.
Make sure to check your all of your credit scores, which includes the VantageScore, and FICO from Transunion, Experian, Equifax. Credit scores range between 300 and 850. For creditworthiness, you want to keep your credit score above 700. Credit scores below 500 are considered higher risk by credit card companies and lenders. If you find any errors on your credit report, make sure to dispute them immediately.
The following are the best providers of your credit reports and scores. No purchase or credit card required - 100% Free:
1. Annual Credit Report - www.annualcreditreport.com Provides 100% Free Experian, Equifax, and Transunion credit reports.
2. CreditKarma.com provides VantageScore 3.0 scores from TransUnion and Equifax, with weekly updates, as part of its free Credit Report Card service.
3. Freecreditscore.com provides FICO scores from Experian, with updates every 30 days, as part of the credit report included with its free membership account.
3. Freecreditscore.com provides FICO scores from Experian, with updates every 30 days, as part of the credit report included with its free membership account.
4. CreditSesame.com provides VantageScore 3.0 scores from TransUnion as part of a free subscription service.
5. Wallethub.com provides VantageScore 3.0 scores from TransUnion, with Daily updates, as part of its free Credit Report Card service. WalletHub is the only company that provides daily updates.
6. Credit.com provides VantageScore 3.0 scores from Experian, with updates every 30 days, as part of the credit report card included with its free membership account.
7. Quizzle.com includes a VantageScore 3.0 score from Equifax and an Equifax credit report with its basic free membership and updates the score every six months.
ABOUT MAS CREDIT REPAIR
Marc A. Stephens (MAS) provides personalized consulting services to individuals and businesses. MAS has prepared the most effective credit repair process with over 15 years of proven results. Pursuant to United States Code Title 15 U.S.C. § 1681g(c)(2)(E) for credit repair, MAS can rapidly remove any item from your credit report, even if the debt is yours. MAS takes tremendous pride in ensuring that clients have a realistic plan of action to successfully repair their credit.
MAS will quickly delete the following items from your credit report:
Auto Loans, Bank Loans, Bankruptcy, Charge-Offs, Child Support, Collections, Credit Cards, Foreclosures, Home Loans, Inquiries, Judgments, Late Payments, Liens, Repossessions, School Loans, Utility Bills
