Government free credit report Lexington

Because the higher your score, the lower the interest rate you'll be required to pay for a mortgage. Rewarding good money management with a lower interest rate is a lender's way of trying to attract more people government free credit report Lexington who are a good credit risk. Smart borrowers opt for fixed rate mortgages right now thousands of Americans are losing their homes because they chose adjustable rate mortgages and I'm sure any of government free credit report Lexington them would be glad to tell you what a mistake they made! free annual credit report

So think about these numbers: If you purchase a home for government free credit report Lexington $150,000 and pay 6% interest, the first year's interest would be roughly $9,000, or $750 per month. If you purchase the same government free credit report Lexington house and pay 8% interest, that first year's interest would be $12,000 or $1,000 per month. absolutely free credit report no trial What could you do with an extra $250 per month in your pocket?

The same scenario applies when you're purchasing a car, or even furniture.

Lenders reward good credit scores with lower interest.

You may be thinking that you pay your bills on time and dont owe an excessive amount, so of course your score will be just fine.

Your credit report could contain errors data entry government free credit report Lexington is often done by hand, by people who government free credit report Lexington are not very interested in accuracy. annual free credit check Worse, you could be the unknowing victim of identity theft. Either way, your credit scores could be destroyed and you wouldn't even know it unless you had reason to use your credit.