FNTN

Introduction.

If ever you needed a reason for getting a free credit report, even if you believe you’ll have a good credit rating – then that time is probably now. Apparently it has been exposed that people who had genuinely good credit reports and credit scores can suddenly find themselves being able to access the best online loan offers.

Why you might need your latest credit report.

Apparently credit companies have been tracking who’s looking for online loans, then if someone repeatedly returns to one particular online loan offer, in order to consider it further or compare it to other online loan offers, when they do eventually apply for the loan they suddenly find they’re being offered a different rate to the one originally advertized. Needless to say the online loan companies are reluctant to discuss the way, or why, they track potential customers IP addresses – but they do and so you might well need proof of your good credit history, from your free credit report, in order to prove to them that you’re worthy of a better loan deal.

Getting a free credit report.

Without knowing your credit report - you don't know what elephants might be in the room?

If you don’t already know – everyone is entitled to at least one free credit report a year from each of the major consumer reporting companies – that’s Equifax, Experian and TransUnion. Your credit report lists your credit history and status, by calculating what is known as your FICO score. Basically, the higher your FICO score the more credit worthy you are and the better you should be able to persuade a personal loan company that you will be a good, low risk, customer and get some favorable repayment terms from them. Your free credit report will also include all sorts of other information including your home address, banking details and employment etc, which along with details of all the loans you’ve had can help you to check that you’re not the victim of an identity theft scam.