Credit Report Analysis

Looking to improve your credit score? There's good reason to do so -- a higher credit score can give you a greater array of financial options and more favorable credit offers. Even if you already have a good score, there's always room for improvement. Credit is the overall measuring stick of financial worthiness. The components of a credit score (FICO, VantageScore, Beacon, Empirica) and the information contained in credit reports are often hard to decipher and understand. Your credit report can affect your ability to obtain a loan, purchase a home, rent an apartment, buy a car, receive favorable insurance rates, or even get a new job. Further, checking your credit report regularly is a crucial step in protecting yourself from identity fraud or inaccurate reporting.

A recent survey of American credit habits reveals six in ten (63%) do not know their credit score, 47% never check their credit reports, 67 percent say they have never checked their credit reports for free, and 16 percent check their credit reports less often than once a year. Even if you’re cautious with credit usage and pay your bills on time, it still comes down to the fact that you have three credit reports, each with an associated score. Information in each of your reports can vary and a lender may use any one or more of those reports to make its decision. If you want to save money by getting favorable interest rates, knowing exactly what’s contained in each of your credit reports is critical.

We can help you obtain a free (see link to the right) or low-cost copy of your credit report and provide you with a free and confidential credit report review session to ensure you have the necessary tools to improve, maintain and protect your credit standing.

During a credit report review session with a Financial Counselor you will:

• Learn what appears on your credit report
• Learn how to correct any errors and inaccuracies that appear on your credit report
• Identify the factors and reasons your credit score is based upon
• Receive guidance on how to raise your credit score
• Determine common risk factors that influence credit scoring and lending decisions
• Learn how to protect yourself against identity theft and fraud
• Learn the importance of managing your debt and paying your bills

Why is having good credit important?

• Proves your creditworthiness
• Save money on interest -- 1% extra interest on a 30 year mortgage of $100,000 will cost an extra $26,902!
• Receive better benefits from competive marketing
• Emergencies may occur and a good credit standing allows you quick and affordable lines of credit
• Lower interest rates on automobile purchases
• Better jobs since employers now frequently check a potential employee's personal credit record
• Receive insurance approval and preferred rates
• Freely obtain utilities so no up-front deposit is required
• Easily rent a car since all rental car companies require a credit card deposit
• Reserve a hotel room
• Conveniently pay for repairs without the danger of carrying large amounts of cash
• Conveniently purchase airline tickets

Our trained credit experts are available to help you with most questions about your credit report and can help you develop a plan to improve your overall credit rating.

Call 1-800-351-4195 to receive a free credit report review session. Because life is too short to suffer from bad credit! AAA Fair Credit Foundation is not a credit repair company.