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Protect Your Credit Rating -- Get Your Own Credit Scores
- Your credit rating is controlled by statistical information tabulated by three credit bureaus.
- Every time a lending company or credit card company makes an enquiry about your credit rating, it automatically reduces the rating.
- Two or more enquiries in a short period can seriously damage your credit score.
- The best way to avoid this damage is to request your own credit rating. There is a minor fee for these reports, but will not have any negative effect on your rating because it does not register with the credit bureaus as "an enquiry".
- By receiving your own credit rating, you can also review all the information for accuracy, and contact the credit bureau to correct any errors before applying for a loan. (Someone else with the same name may have gotten negative credit behavior on YOUR report).
- Now, you can provide your written credit history to as many lenders as needed, with no negative impact on your credit score. This can also accelerate the approval process.
- At the end of the loan process, almost all lenders will conduct one credit enquiry prior to approval, but this one enquiry will do no damage.
- Make sure you get the report that contains information from all three credit bureaus because you will need all three for any loan process.
As a service of ParkAveCredit.com, we provide here for you the link to order your credit report and receive it immediately and securely online: Click Here
See articles in our Reference Library for more information and strategies to improve your credit and learn about how to take advantage of consumer protection laws.
To contact the Credit Bureaus directly to request your credit scores:
Equifax Credit Information Services, P.O. Box 740241, Atlanta, GA 30374
1-800-685-1111 Website: http://www.equifax.com/
Experian - National Consumer Assistance Ctr., P.O. Box 2104, Allen TX 75013
1-888-397-3742 Website: http://www.experian.com/
Transunion Consumer Solutions, P.O. Box 1000, Chester, PA 19022
1-800-888-4213 Website: http://www.transunion.com/
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