Free report credit Memphis

Other than Identify Theft, all of the examples listed above can be turned around - if you know how Credit Reports free report credit Memphis and Credit Scores work! The actual credit scoring system and credit report was developed by a company called Fair-Isaac (free report credit Memphis a quasi-governmental-type group).

Today, all that Data is now managed by Trans Union, Experian and Equifax.

These three companies have complete control over what gets reported and how it impacts your credit free report credit Memphis scores and personal credit reports. federal free credit report And every Lending Institution in the Country relies on data from one of the three companies - each and every single time they have to make a credit decision. Here's an example - US Bank uses Equifax, Wells Fargo free report credit Memphis Bank uses Experian and Honda Finance uses Trans Union. Each assigns a credit score, based on the history in your credit report, which determines if you'll get the credit you're wanting....and what interest rate you'll end up with. credit card report

Credit Scores are generally broken down as follows - 700+ Score - you're considered Tier 1 - considered excellent by lenders and typically offered the best rates. 650 - 699 - you're considered Tier 2 - considered good by lenders and typically offered interest rates 1% - 4% higher than Tier 1 borrowers. 600 - 649 - you're considered Tier 3 - considered fair free report credit Memphis by lenders and typically offered rates between 8% and 12%. 550 - 599 - you're considered Tier 4 - free report credit Memphis considered poor by lender and typically offered rates between 13% and 22%. 350 - 499 - free report credit Memphis you're considered Tier 5 - considered very poor by lenders and typically offered interest rates similar to what the Mafia lends at. i need a free credit report Recently, I've been seeing a lot of advertising on the Internet and TV offering to provide you a Free Personal Credit Report. Heck, there's probably 200,000 Web Sites that make that offer.