Things to Know About Credit Reports
Everyone knows how important their credit score is, but some people aren't even sure how to get credit. Your score is used to qualify for home loans, car loans, and buying things like furniture and some electronics as well. So, for those who are just starting to build their credit, or want to start over to establish good credit, here are some things that may help you out.Something everyone should know to do, even if you have a well established credit score, good or bad, is to know how to get your FICO credit score. There are many options available online for people to check their score, or to get updates on it. However, some of these, even though they advertise that they are free, may make you pay a subscription fee to their services. Everyone needs to know that every US citizen is entitled to view their credit report from all three companies, Equifax, Transunion, and Experian, every 12 months for free. If you decide you do want to pay to get your score more often, that is up to you, but you are allowed a free credit report annually.
Even With No Down Payment You Can Still Buy a New Vehicle
If you have bad credit and no money for a down payment, buying a car can be a really difficult task for a number of reasons. First, everyone knows that auto dealerships mark up the cost of the vehicles that they sell in order to make the largest profit possible on them. The best way to get that sticker price reduced is to offer the dealer cash, which gives him more profit in his pocket (since he doesn't have to go to the bank for the money). That means people with bad credit and no money to offer as a down payment are at an extreme disadvantage when shopping for autos.....