I spoke today at my office meeting about the importance of having a good credit score. The difference between having a 740 and 620 score is about 1.325% and a discount point added to your closing costs.
There is a TON of misinformation out there, so getting straight answers is tough. I've taken classes offered by credit reporting companies and have the advance of looking at many credit reports which gives me a certain level of expertise over most. Here are a few websites that I use and recommend to all of my clients and business partners. Check them out.
www.annualcreditreport.com
This site is a portal to the 3 major credit bureaus and gives you access to one free report from each bureau once annually.
www.myFICO.com
This is the consumer site for the Fair Issac corporation which creates the FICO scoring models and is by far the most widely used by banks and other financial institutions.
www.OptOutPreScreen.com
This site gives you the ability to opt-out of all preapproved offers of credit. I recommend this site to EVERYONE. Just think- a world without preapporoved credit card offers in the mail...
Call or email me if you have any questions or want to talk!
Jon
Tuesday, March 17, 2009
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