NORTH DALLAS Real Estate

Free Credit Report

In our current mortgage market, a low credit score can prevent you from qualifying for a home loan. Many times there are charges against your credit that do not belong there. You have the right to contesting these errors by sending a letter to the Complaint Department of the credit reporting agency that attached the incorrect information to your report. If the protested entry on the report is erroneous, it must be removed. Building a Better Credit Report is something you should do ahead of any financial transaction. If your credit scores are good, you can negotiate a better deal with the lender. You are entitled to a free copy of your credit report from each of the three reporting agencies once every 12 months. http://www.annualcreditreport.com or  http://www.freecreditreport.com or call the three national credit reporting companies, toll-free: Experian  (888) 397-3742 TransUnion  (800) 916-8800 Equifax (800) 685-1111 There are several credit monitoring companies online.  If you plan to buy a home in next 12 months, using a credit monitoring company will assist you in determining what improvements you may need to complete in order to reach your home buying goal. We recommend you remain vigilant and report any suspected identity theft to them and the proper law enforcement authorities, including the Federal Trade Commission. Please visit the FTC’s web site, http://www.ftc.gov/bcp/edu/microsites/idtheft, or call them at (877) 438-4338 to learn more about protecting yourself from identity theft, such as requesting a fraud alert. Credit Repair Services If you have a credit related issue that is preventing you from buying the house of your dreams, there are credit repair companies that can help remedy erroneous credit predicaments. They do charge a fee for their services so if you have a few extra minutes and the inclination, a Do-It-Yourself fix could save you some extra cash. The process is relatively simple to complete and the credit companies must remove bad information from your report when it is confirmed incorrect. Loan Savings Calculator See how your credit score can impact your monthly payments and the overall loan payoff amount, Use the Loan Savings Calculator and plug in the pertinent information .

FreeCreditReport.com                             Annualcreditreport.com CreditScoreQuick.com     Myfico.com                                                                          Zendough.com

Review Your Credit Report         Equifax P.O. Box 740241 Atlanta, GA 30374-0241 1-800-997-2493   Experian P.O. Box 2104 Allen, TX 75013-2104 1-800-311-4769   TransUnion P.O. Box 1000 Chester, PA 19022 1-800-888-4213   When buying a house it is critical to have good credit. These free sites will allow you to get an idea of where you stand, and can be accessed once a year without negatively affecting your credit score.   Real estate purchases generally require financing; getting a loan depends greatly on how good your credit is. You will also be able to obtain a better interest rate and have the ability to negotiate more favorable finance terms.   Even if you don’t have a poor credit history, some financial advisors and consumer advocates suggest you review your credit report periodically. Why? Because the information it contains affects whether you can get a loan or insurance — and how much you will have to pay for it.   To make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job.   To help guard against identity theft. That’s when someone uses your personal information — like your name, your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don’t pay the bills, the delinquent account is reported on your credit report. Inaccurate information like that could affect your ability to get credit, insurance, or even a job. Identity theft If you suspect you might be a victim of identity theft, contact the three major credit bureaus listed below to place a fraud alert on your credit file. You also can order a credit report to identify any unauthorized activity. Equifax 1.800.525.6285 Experian 1.888.397.3742 Trans Union 1.800.680.7289

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If you are interested in buying a new home or selling your existing home, Call 214-336-7088 or e-mail me jay@realestatedal.com

We serve Allen, McKinney, Prosper, Frisco, Plano, Lewisville, The Colony, Sachse, Wylie, Murphy, Richardson, Carrollton, Flower Mound, Coppell, along with many other areas around DFW.

Frisco foreclosures offer a tremendous amount of value and can save the buyer thousands.

           NORTH DALLAS REAL ESTATE AGENT