There are companies that work on collecting and maintaining credit information of consumers. These are known as credit reporting agencies (CRAs). There are three such major CRAs in the country, namely Equifax, Experian, and TransUnion. Apart from these, there are other smaller-scale agencies too that specialize at the job. If you’re worried about “where to get my credit score?,” the larger CRAs are the most reliable bets.
These major CRAs obtain information from companies that you hold business and transactions with. People or companies that lend you money regularly report to these CRAs on your repaying status. There is also detailed information on the amount you are indebted and whether you have ever defaulted on your payments. Aside from the reports obtained from lenders, these companies also tally your general records based on certain other aspects. Some of these aspects are your public records from the local and state judiciary. These include your tax records and bankruptcy information. This information makes up an important chunk of your credit score and its report.
Equifax
Present in 24 countries, Equifax is an agency that offers consumers protection against identity theft and credit fraudulence. They also sell credit reports and credit monitoring assistance to businesses.
Experian
Experian started off in London and is now a trusted agency in 39 different countries. It provides you with a credit score, credit report, and even credit tracker on subscription. The agency uses FICO 8 system of credit score calculation. Experian was a part of Forbes’ “World’s Most Innovative Companies” in 2018.
TransUnion
Based across 30 countries with a database of over 1 billion consumers, TransUnion is another CRA giant. The agency, like the other ones, will provide you with your credit score and your credit reports. In case you decide to freeze your TransUnion credit report, it will also go the extra mile to notify Equifax and Experian, which frankly is a big help especially in case of identity theft and credit fraud.
So, the next time you are sat wondering “where to get my credit score?,” think of these three giants that provide you with an annual credit score and credit report for free once each year. However, if you are looking for more frequent updates, you can subscribe to their services and receive your monthly updates.
Did you know that you have more than a single credit score? Agencies calculate your credit score based on the data in your credit reports. If you are wondering, “where to get my credit score?,” there are three main credit reporting agencies. These can have different credit scores for you if your information on each of their credit reports is different. Also, these agencies charge a fee to reveal your credit score.
Recently, it has become easier to track and get hold of your credit score without paying any fees. You can get it from your credit card company, your loan provider, and even from a non-profit counselor. Here are a few tips you can use to check your score.
Buying a house is one of the most expensive deals of your life, and the first time is always a memorable experience. Moreover, the process of home buying can get stressful, but keeping a few tips handy can be great for first-time home buyers.
Read on to know four useful tips before buying your first home.
Plan out a budget and stick to it
First-time home buyers require a lot of research and planning. Budget, the most essential part of the entire process, makes planning even more important. Know what you can afford and how you want to go about with the financing.
Plan and calculate the entire payment, check out online calculators, research about various loans for first-time home buyers, and ensure that you do not miss out on any payment essentials.
Consult an experienced realtor
A realtor can either make or break your deal of buying your first home. An experienced realtor will have contacts of real estate attorneys and loan officers and can also guide you throughout the process of buying the property.
As per the statistics of the National Association of Realtors, nearly 50% buyers found their realtor from a personal referral. So, it is advisable to start asking for references from your family and friends, as recommendations always help.
Moreover, you can always check out real estate websites such as Zillow, Streeteasy, and Trulia, to name a few.
Compare the apartments in the area
Comparison will always help you get a better look at the choices you have. There are numerous real estate websites that can help you research various homes, depending on custom searches such as the location, budget, number of rooms, and property type, among others. By comparing the apartments, you can also read reviews of the location or area to get a better understanding of the neighborhood. Moreover, the comparing will help you sort the budget as well, giving you various alternatives.
List out the non-negotiables
Before you delve going ahead and buying your first home, it is advisable to list down the non-negotiables. One should know and figure out which things would enhance their well-being, and which won’t. So, making a list of things that you would want in your apartment would also help your realtor know about your specific preferences. From square footage to location and amenities, pen down the must-haves in your future home.
One of the best ways of gauging your options is to visit the apartments or houses in your preferred area and shortlist the ones that suit your preferences. Knowing what your preferences are can also help you settle on a budget.
You should also reevaluate your list of essentials and keep adding or subtracting what you would want and what you wouldn’t in your first home.