Credit scoring came into wide use in the 1980s. Your Credit Score affects you every day. Your Credit Score ranks your credit risk in many financial markets. Your HOME, APARTMENT, AUTO, RENTAL/LEASES, EMPLOYMENT AND INSURANCE RATES are being affected by your Credit Score at this moment. "Credit scoring is a system creditors use to help determine whether to give you credit," says the Federal Trade Commission.
MORTGAGE APPLICANTS: When you know your Credit Score you can more carefully consider any loan terms, down payment, rates. Do you know you can shop for better lenders and more favorable terms? All credit terms including your loan interest rate, down payment and other terms can be most favorable to you based on your CORRECTED AND UPDATED Credit Score. Rapid Rescore is only available in the Mortgage industry.
CREDIT REPORT MISTAKES mean lower Credit Scores. Some sources state 80% of credit reports contain errors. Other suggest 30% are erroneous. EQUIFAX, EXPERIAN AND TRANSUNION argue the error rate is less than 1%. Whatever. Population percentages do not describe you. Correct errors on your credit report will ensure accurate data is being read by the credit score system. Only you can define your unique credit situation and GET THE CREDIT SCORE YOU DESERVE.
CORRECTING ERRORS on your credit report assures that you get the CREDIT SCORE YOU DESERVE, that the mortgage loan process will go smoother with less potential credit difficulties, that you may qualify for more credit and that the terms of your credit will be most favorable to you.
NOTE: RAPID CREDIT RESCORE SERVICES AVAILABLE ONLY THROUGH MORTGAGE OR BROKER CLIENTS OF AUTHORIZED CREDIT REPORTING AGENCIES.
