Good morning, according to a study conducted by the Federal Trade Commission, one in five people have an error on at least one of their credit reports. With stats like that, here are four reasons you should check your credit reports for errors if you are thinking of buying a home.
Remember, errors in your credit reporting file does impact your credit scores negatively, by not only lowering your scores but may also prevent you from obtaining a mortgage. It is always a good idea to obtain free copy of your credit reports from AnnualCreditReport.com. Once on the site, you can request all three reports. Keep in mind these free copies may not provide the scores, only the reports.
Once received, make sure to check if your personal information such as name, phone number and address is correct. Also check account reporting status. Make sure closed accounts are in fact closed. In addition, make sure account balances are correct. You may also want to make sure accounts does not appear more than once with different creditors.
If it matters to you, it matters to us. We are always looking out for your best interest. As always, thank you so much for stopping by, and remember, if you are thinking of purchasing your new home, or selling an existing one, please give us a call. We are here to help. We have been helping home buyers and sellers 12 years and counting. Until next time...Diana
Image by design by Diana Walton
Astor & Eaton Realty
Diana Walton
Real Estate Broker
713.208.8013
Write to Diana Walton at homes@astoreaton.com
https://www.har.com/dianawalton
We do more because we care more